iShares MSCI Frontier 100 ETF (NYSEARCA:FM)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $28.29 and traded as high as $28.79. iShares MSCI Frontier 100 ETF shares last traded at $28.77, with a volume of 400 shares trading hands.
Separately, TD Securities lifted their target price on iShares MSCI Frontier 100 ETF from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Wednesday, October 23rd.
The company has a 50 day moving average of $28.29 and a 200 day moving average of $28.87.
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.
Further Reading: Depreciation
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