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

iShares Latin America 40 ETF (NYSEARCA:ILF) hit a new 52-week high on Tuesday . The company traded as high as $32.94 and last traded at $32.9340, with a volume of 1730470 shares. The stock had previously closed at $32.50.

iShares Latin America 40 ETF Price Performance

The firm has a market capitalization of $2.96 billion, a P/E ratio of 10.28 and a beta of 0.90. The company’s 50 day moving average price is $30.97 and its 200 day moving average price is $28.56.

Institutional Investors Weigh In On iShares Latin America 40 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ILF. Assetmark Inc. boosted its holdings in iShares Latin America 40 ETF by 1,605.2% in the second quarter. Assetmark Inc. now owns 2,064,352 shares of the company’s stock valued at $54,107,000 after acquiring an additional 1,943,287 shares during the last quarter. New Harbor Financial Group LLC acquired a new position in iShares Latin America 40 ETF during the 2nd quarter valued at about $25,267,000. Commonwealth Equity Services LLC boosted its stake in shares of 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 valued at $16,818,000 after purchasing an additional 545,231 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of iShares Latin America 40 ETF during the 2nd quarter worth approximately $9,893,000. Finally, Bank of America Corp DE grew its position in shares of iShares Latin America 40 ETF by 79.6% during the 3rd quarter. Bank of America Corp DE now owns 777,310 shares of the company’s stock worth $22,456,000 after buying an additional 344,491 shares during the period. Institutional investors 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).