SBI Securities Co. Ltd. bought a new stake in iShares Frontier and Select EM ETF (NYSEARCA:FM – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 45,438 shares of the exchange traded fund’s stock, valued at approximately $1,233,000.
Separately, JPMorgan Chase & Co. bought a new position in iShares Frontier and Select EM ETF during the 3rd quarter valued at $39,000.
iShares Frontier and Select EM ETF Stock Performance
FM opened at $27.19 on Tuesday. The company has a market capitalization of $403.77 million, a PE ratio of 15.07 and a beta of 0.64. The stock’s fifty day moving average is $27.18 and its 200-day moving average is $27.42. iShares Frontier and Select EM ETF has a one year low of $25.72 and a one year high of $28.86.
iShares Frontier and Select EM ETF Profile
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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