iShares MSCI Chile ETF (BATS:ECH) Sets New 12-Month Low – What’s Next?

iShares MSCI Chile ETF (BATS:ECH)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $25.07 and last traded at $25.47, with a volume of 417462 shares changing hands. The stock had previously closed at $24.97.

iShares MSCI Chile ETF Stock Performance

The firm’s 50-day simple moving average is $26.13 and its 200 day simple moving average is $26.55. The company has a market capitalization of $555.46 million, a PE ratio of 4.69 and a beta of 0.85.

Institutional Investors Weigh In On iShares MSCI Chile ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in iShares MSCI Chile ETF in the third quarter valued at $2,080,000. Banco Santander S.A. lifted its stake in iShares MSCI Chile ETF by 30.8% in the 3rd quarter. Banco Santander S.A. now owns 229,579 shares of the company’s stock valued at $6,263,000 after buying an additional 54,000 shares in the last quarter. Marshall Wace LLP purchased a new position in iShares MSCI Chile ETF during the second quarter worth $966,000. Sanctuary Advisors LLC acquired a new position in iShares MSCI Chile ETF in the 2nd quarter valued at about $695,000. Finally, Florin Court Capital LLP acquired a new position in shares of iShares MSCI Chile ETF in the second quarter valued at approximately $511,000.

iShares MSCI Chile ETF Company Profile

iShares MSCI Chile Capped ETF, formerly iShares MSCI Chile Capped Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the MSCI Chile Investable Market Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure broad based equity market performance in Chile.