iShares MSCI Frontier and Select EM ETF (NYSEARCA:FM) Hits New 1-Year High at $34.64

iShares MSCI Frontier and Select EM ETF (NYSEARCA:FM)’s share price reached a new 52-week high on Monday . The company traded as high as $34.64 and last traded at $34.60, with a volume of 76537 shares. The stock had previously closed at $34.37.

The stock’s 50 day simple moving average is $33.45 and its 200 day simple moving average is $31.99.

Several institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Frontier and Select EM ETF in the 2nd quarter valued at $239,000. Cahill Financial Advisors Inc. boosted its stake in shares of iShares MSCI Frontier and Select EM ETF by 1.4% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 49,821 shares of the exchange traded fund’s stock valued at $1,654,000 after purchasing an additional 697 shares in the last quarter. McGowan Group Asset Management Inc. bought a new stake in iShares MSCI Frontier and Select EM ETF during the 2nd quarter valued at $452,000. Bank of New York Mellon Corp bought a new stake in iShares MSCI Frontier and Select EM ETF during the 2nd quarter valued at $206,000. Finally, Gould Asset Management LLC CA bought a new stake in iShares MSCI Frontier and Select EM ETF during the 2nd quarter valued at $200,000.

About iShares MSCI Frontier and Select EM ETF (NYSEARCA:FM)

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.

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