iShares Latin America 40 ETF (NYSEARCA:ILF) Hits New 52-Week High – Still a Buy?
by Amy Steele · The Cerbat GemiShares Latin America 40 ETF (NYSEARCA:ILF – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $37.44 and last traded at $37.42, with a volume of 2421771 shares changing hands. The stock had previously closed at $36.79.
iShares Latin America 40 ETF Stock Performance
The business’s 50 day moving average is $35.44 and its 200-day moving average is $32.23. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.28 and a beta of 0.74.
Institutional Trading of iShares Latin America 40 ETF
Several hedge funds and other institutional investors have recently bought and sold shares of ILF. CI Investments Inc. grew its position in iShares Latin America 40 ETF by 10,566.0% in the 4th quarter. CI Investments Inc. now owns 2,133,200 shares of the company’s stock worth $64,956,000 after purchasing an additional 2,113,200 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in iShares Latin America 40 ETF in the 4th quarter worth $27,320,000. Marks Wealth LLC acquired a new stake in iShares Latin America 40 ETF in the 4th quarter worth $20,700,000. Commonwealth Equity Services LLC grew its position in iShares Latin America 40 ETF by 1,477.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 582,132 shares of the company’s stock worth $16,818,000 after purchasing an additional 545,231 shares during the last quarter. Finally, LPL Financial LLC grew its position in iShares Latin America 40 ETF by 81.2% in the 4th quarter. LPL Financial LLC now owns 1,157,180 shares of the company’s stock worth $35,236,000 after purchasing an additional 518,704 shares during the last quarter. 45.01% of the stock is currently owned by institutional investors and hedge funds.
iShares Latin America 40 ETF Company Profile
iShares S & P Latin America 40 Index Fund, formerly iShares Latin America 40 ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Latin America 40 (the Index). The Index consists of selected equities trading on the exchanges of five Latin American countries. The Index includes securities that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P).