iShares MSCI Frontier 100 ETF (NYSEARCA:FM) Stock Price Pass Below 50-Day Moving Average of $29.83

Shares of iShares MSCI Frontier 100 ETF (NYSEARCA:FM) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.83 and traded as low as $28.75. iShares MSCI Frontier 100 ETF shares last traded at $28.75, with a volume of 2,101 shares.

The firm’s 50 day simple moving average is $29.83 and its 200 day simple moving average is $28.98.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cahill Financial Advisors Inc. boosted its holdings in iShares MSCI Frontier 100 ETF by 6.2% in the second quarter. Cahill Financial Advisors Inc. now owns 37,851 shares of the exchange traded fund’s stock valued at $1,122,000 after acquiring an additional 2,195 shares in the last quarter. CX Institutional boosted its holdings in iShares MSCI Frontier 100 ETF by 49.9% in the second quarter. CX Institutional now owns 11,590 shares of the exchange traded fund’s stock valued at $343,000 after acquiring an additional 3,860 shares in the last quarter. Enterprise Financial Services Corp bought a new stake in iShares MSCI Frontier 100 ETF in the first quarter valued at $157,000. Baldwin Investment Management LLC bought a new stake in iShares MSCI Frontier 100 ETF in the first quarter valued at $213,000. Finally, Personal Financial Consultants Inc. ADV boosted its holdings in iShares MSCI Frontier 100 ETF by 4.4% in the second quarter. Personal Financial Consultants Inc. ADV now owns 222,843 shares of the exchange traded fund’s stock valued at $6,601,000 after acquiring an additional 9,333 shares in the last quarter.

iShares MSCI Frontier 100 ETF Company Profile (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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