iShares MSCI Frontier 100 ETF (FM) Lowered to “Hold” at Canaccord Genuity

iShares MSCI Frontier 100 ETF (NYSEARCA:FM) was downgraded by equities researchers at Canaccord Genuity to a “hold” rating in a research note issued to investors on Sunday. They currently have a $21.00 price objective on the exchange traded fund’s stock. Canaccord Genuity’s price objective points to a potential downside of 40.90% from the stock’s previous close.

iShares MSCI Frontier 100 ETF (NYSEARCA FM) traded down $0.53 during trading hours on Friday, hitting $35.53. The company had a trading volume of 169,054 shares, compared to its average volume of 346,416. iShares MSCI Frontier 100 ETF has a fifty-two week low of $27.01 and a fifty-two week high of $36.19.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Afam Capital Inc. raised its stake in iShares MSCI Frontier 100 ETF by 4.8% during the second quarter. Afam Capital Inc. now owns 11,214 shares of the exchange traded fund’s stock valued at $320,000 after buying an additional 517 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares MSCI Frontier 100 ETF by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 30,375 shares of the exchange traded fund’s stock valued at $868,000 after buying an additional 1,680 shares in the last quarter. Symmetry Partners LLC raised its stake in iShares MSCI Frontier 100 ETF by 6.0% during the third quarter. Symmetry Partners LLC now owns 40,307 shares of the exchange traded fund’s stock valued at $1,263,000 after buying an additional 2,273 shares in the last quarter. Strs Ohio raised its stake in iShares MSCI Frontier 100 ETF by 4.5% during the fourth quarter. Strs Ohio now owns 120,000 shares of the exchange traded fund’s stock valued at $3,974,000 after buying an additional 5,200 shares in the last quarter. Finally, Albion Financial Group UT raised its position in shares of iShares MSCI Frontier 100 ETF by 1.6% during the 2nd quarter. Albion Financial Group UT now owns 336,601 shares of the exchange traded fund’s stock worth $9,620,000 after purchasing an additional 5,303 shares during the period.

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iShares MSCI Frontier 100 ETF Company 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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