iShares MSCI Frontier 100 ETF (NYSEARCA:FM) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.
Separately, TD Securities boosted their price objective on iShares MSCI Frontier 100 ETF from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.
The firm has a 50 day moving average price of $28.32 and a two-hundred day moving average price of $28.88.
About iShares MSCI Frontier 100 ETF (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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