City of London Investment Management Co. Ltd. Cuts Stock Holdings in iShares Frontier and Select EM ETF (NYSEARCA:FM)

City of London Investment Management Co. Ltd. lessened its stake in shares of iShares Frontier and Select EM ETF (NYSEARCA:FM) by 11.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,000 shares of the exchange traded fund’s stock after selling 11,000 shares during the period. City of London Investment Management Co. Ltd. owned 0.58% of iShares Frontier and Select EM ETF worth $2,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in FM. Gould Asset Management LLC CA purchased a new stake in shares of iShares Frontier and Select EM ETF in the first quarter worth approximately $203,000. Aspect Partners LLC bought a new position in shares of iShares Frontier and Select EM ETF in the fourth quarter worth about $227,000. Finally, Heartwood Wealth Advisors LLC lifted its holdings in iShares Frontier and Select EM ETF by 4.1% during the 1st quarter. Heartwood Wealth Advisors LLC now owns 29,329 shares of the exchange traded fund’s stock valued at $840,000 after buying an additional 1,144 shares in the last quarter.

iShares Frontier and Select EM ETF Stock Up 0.1 %

Shares of NYSEARCA FM opened at $27.44 on Monday. The firm has a market cap of $407.48 million, a PE ratio of 9.35 and a beta of 0.64. iShares Frontier and Select EM ETF has a twelve month low of $24.41 and a twelve month high of $28.86. The business has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $27.83.

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.