Marvin & Palmer Associates Inc. Makes New $2.10 Million Investment in iShares Latin America 40 ETF $ILF

Marvin & Palmer Associates Inc. bought a new position in shares of iShares Latin America 40 ETF (NYSEARCA:ILF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,050 shares of the company’s stock, valued at approximately $2,103,000. iShares Latin America 40 ETF accounts for 1.5% of Marvin & Palmer Associates Inc.’s holdings, making the stock its 25th largest position. Marvin & Palmer Associates Inc. owned 0.06% of iShares Latin America 40 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ILF. Brookstone Capital Management purchased a new position in iShares Latin America 40 ETF in the 4th quarter worth $2,108,000. Consolidated Portfolio Review Corp purchased a new position in iShares Latin America 40 ETF in the 3rd quarter worth $675,000. Trek Financial LLC purchased a new position in iShares Latin America 40 ETF in the 4th quarter worth $13,733,000. Banco Santander S.A. raised its stake in iShares Latin America 40 ETF by 57.5% in the 3rd quarter. Banco Santander S.A. now owns 183,454 shares of the company’s stock worth $5,300,000 after acquiring an additional 66,969 shares during the last quarter. Finally, Leibman Financial Services Inc. purchased a new position in iShares Latin America 40 ETF in the 4th quarter worth $2,647,000. Hedge funds and other institutional investors own 45.01% of the company’s stock.

iShares Latin America 40 ETF Price Performance

Shares of ILF stock opened at $33.22 on Wednesday. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 10.28 and a beta of 0.68. The business has a fifty day moving average of $35.81 and a 200 day moving average of $34.18. iShares Latin America 40 ETF has a 1 year low of $24.67 and a 1 year high of $38.50.

About iShares Latin America 40 ETF

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).