Ellis Investment Partners LLC Takes Position in iShares MSCI Frontier 100 ETF (FM)

Ellis Investment Partners LLC bought a new position in iShares MSCI Frontier 100 ETF (NYSEARCA:FM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 43,404 shares of the exchange traded fund’s stock, valued at approximately $43,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Albion Financial Group UT grew its position in iShares MSCI Frontier 100 ETF by 0.6% during the third quarter. Albion Financial Group UT now owns 408,352 shares of the exchange traded fund’s stock valued at $11,614,000 after purchasing an additional 2,347 shares in the last quarter. Personal Financial Consultants Inc. ADV grew its position in iShares MSCI Frontier 100 ETF by 18.9% during the first quarter. Personal Financial Consultants Inc. ADV now owns 213,510 shares of the exchange traded fund’s stock valued at $6,077,000 after purchasing an additional 33,931 shares in the last quarter. Strs Ohio grew its position in iShares MSCI Frontier 100 ETF by 22.2% during the first quarter. Strs Ohio now owns 176,000 shares of the exchange traded fund’s stock valued at $5,008,000 after purchasing an additional 32,000 shares in the last quarter. Symmetry Partners LLC grew its position in iShares MSCI Frontier 100 ETF by 11.3% during the fourth quarter. Symmetry Partners LLC now owns 67,338 shares of the exchange traded fund’s stock valued at $1,761,000 after purchasing an additional 6,841 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. purchased a new position in iShares MSCI Frontier 100 ETF during the fourth quarter valued at approximately $1,731,000.

NYSEARCA FM opened at $28.28 on Monday. iShares MSCI Frontier 100 ETF has a 12-month low of $25.80 and a 12-month high of $33.82.

A number of brokerages recently commented on FM. CIBC reaffirmed an “average” rating and set a $17.00 price objective on shares of iShares MSCI Frontier 100 ETF in a research report on Friday, February 22nd. Canaccord Genuity reaffirmed an “average” rating and set a $18.00 price objective on shares of iShares MSCI Frontier 100 ETF in a research report on Monday, January 28th.

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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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Institutional Ownership by Quarter for iShares MSCI Frontier 100 ETF (NYSEARCA:FM)

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