Fundsmith Emerging Equities Trust (LON:FEET) Trading Down 1.8% – Should You Sell?

Fundsmith Emerging Equities Trust plc (LON:FEET)’s share price dropped 1.8% during trading on Wednesday . The stock traded as low as GBX 1,220 ($15.40) and last traded at GBX 1,240 ($15.65). Approximately 628,265 shares changed hands during mid-day trading, an increase of 1,039% from the average daily volume of 55,157 shares. The stock had previously closed at GBX 1,262.50 ($15.93).

Fundsmith Emerging Equities Trust Stock Performance

The company has a market capitalization of £325.97 million and a price-to-earnings ratio of 2,296.30. The stock’s fifty day simple moving average is GBX 1,240 and its two-hundred day simple moving average is GBX 1,240.

About Fundsmith Emerging Equities Trust

Fundsmith Emerging Equities Trust plc is a closed ended equity mutual fund launched by Investec Bank Plc. The fund is managed by Fundsmith, LLP. It invests in public equity markets of emerging and developing market countries across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.