iShares Latin America 40 ETF (NYSEARCA:ILF) Shares Gap Down – What’s Next?

iShares Latin America 40 ETF (NYSEARCA:ILF – Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $37.70, but opened at $32.38. iShares Latin America 40 ETF shares last traded at $32.4760, with a volume of 1,105,794 shares.

iShares Latin America 40 ETF Trading Down 12.2%

The stock has a market capitalization of $3.58 billion, a P/E ratio of 10.28 and a beta of 0.65. The business has a 50-day moving average price of $35.87 and a 200 day moving average price of $35.32.

Institutional Investors Weigh In On iShares Latin America 40 ETF

Hedge funds have recently bought and sold shares of the business. Randolph Co Inc purchased a new position in shares of iShares Latin America 40 ETF in the 3rd quarter worth $11,805,000. Wedbush Securities Inc. bought a new stake in shares of iShares Latin America 40 ETF in the 3rd quarter worth about $838,000. New Harbor Financial Group LLC bought a new stake in shares of iShares Latin America 40 ETF in the 3rd quarter worth about $36,835,000. MBL Wealth LLC raised its position in shares of iShares Latin America 40 ETF by 66.4% during the 3rd quarter. MBL Wealth LLC now owns 48,166 shares of the company’s stock valued at $1,662,000 after buying an additional 19,219 shares in the last quarter. Finally, Indiana Trust & Investment Management Co purchased a new stake in shares of iShares Latin America 40 ETF during the 3rd quarter valued at about $1,097,000. Hedge funds and other institutional investors own 45.01% of the company’s stock.

iShares Latin America 40 ETF Company Profile

(Get Free Report)

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).

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