iShares Latin America 40 ETF (NYSEARCA:ILF) Sets New 1-Year High – What’s Next?

iShares Latin America 40 ETF (NYSEARCA:ILF)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $37.32 and last traded at $37.08, with a volume of 361666 shares changing hands. The stock had previously closed at $37.05.

iShares Latin America 40 ETF Stock Performance

The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 10.28 and a beta of 0.90. The company’s 50 day simple moving average is $33.65 and its two-hundred day simple moving average is $30.47.

Hedge Funds Weigh In On iShares Latin America 40 ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new stake in iShares Latin America 40 ETF in the fourth quarter worth $36,000. Biltmore Family Office LLC boosted its holdings in shares of iShares Latin America 40 ETF by 146.9% during the 2nd quarter. Biltmore Family Office LLC now owns 1,200 shares of the company’s stock worth $31,000 after buying an additional 714 shares during the period. Van Den Berg Management I Inc. acquired a new position in iShares Latin America 40 ETF in the 4th quarter valued at $40,000. Private Trust Co. NA raised its holdings in iShares Latin America 40 ETF by 61.4% in the 4th quarter. Private Trust Co. NA now owns 1,909 shares of the company’s stock worth $58,000 after acquiring an additional 726 shares during the period. Finally, IFP Advisors Inc lifted its position in iShares Latin America 40 ETF by 1,095.3% during the 3rd quarter. IFP Advisors Inc now owns 2,295 shares of the company’s stock worth $66,000 after acquiring an additional 2,103 shares during the last quarter. Institutional investors and hedge funds own 45.01% of the company’s stock.

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).