iShares Frontier and Select EM ETF (NYSEARCA:FM) Reaches New 1-Year High at $28.73

iShares Frontier and Select EM ETF (NYSEARCA:FM) hit a new 52-week high on Thursday . The stock traded as high as $28.73 and last traded at $28.72, with a volume of 33731 shares. The stock had previously closed at $28.62.

iShares Frontier and Select EM ETF Stock Performance

The company has a market cap of $694.76 million, a P/E ratio of 8.88 and a beta of 0.68. The business’s fifty day moving average is $26.95 and its two-hundred day moving average is $26.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FM. City of London Investment Management Co. Ltd. boosted its holdings in shares of iShares Frontier and Select EM ETF by 101.1% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 90,500 shares of the exchange traded fund’s stock valued at $2,346,000 after acquiring an additional 45,500 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of iShares Frontier and Select EM ETF during the 3rd quarter worth about $957,000. OLD Mission Capital LLC acquired a new stake in shares of iShares Frontier and Select EM ETF during the 1st quarter valued at about $702,000. JPMorgan Chase & Co. increased its position in shares of iShares Frontier and Select EM ETF by 505.4% in the second quarter. JPMorgan Chase & Co. now owns 19,349 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 16,153 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in iShares Frontier and Select EM ETF in the 1st quarter valued at $434,000.

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.