iShares Frontier and Select EM ETF (NYSEARCA:FM) Stock Pass Below 200 Day Moving Average – What’s Next?

iShares Frontier and Select EM ETF (NYSEARCA:FM)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.57 and traded as low as $27.10. iShares Frontier and Select EM ETF shares last traded at $27.14, with a volume of 124,307 shares.

iShares Frontier and Select EM ETF Trading Down 0.4 %

The stock has a 50-day simple moving average of $27.51 and a 200 day simple moving average of $27.57. The stock has a market capitalization of $403.03 million, a price-to-earnings ratio of 9.35 and a beta of 0.64.

Institutional Investors Weigh In On iShares Frontier and Select EM ETF

An institutional investor recently bought a new position in iShares Frontier and Select EM ETF stock. JPMorgan Chase & Co. purchased a new position in shares of iShares Frontier and Select EM ETF (NYSEARCA:FM) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,400 shares of the exchange traded fund’s stock, valued at approximately $39,000.

About iShares Frontier and Select EM ETF

The iShares MSCI Frontier 100 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Frontier Markets 100 Index (the Underlying Index). The Fund will concentrate its investments (that is, hold 25% or more of its total assets) in a particular industry or group of industries, which may include large-, mid- or small-capitalization companies, to approximately the same extent that the Underlying Index is concentrated.