iShares Latin America 40 ETF (NYSEARCA:ILF) Sets New 52-Week High – Should You Buy?

iShares Latin America 40 ETF (NYSEARCA:ILF)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $37.30 and last traded at $37.2640, with a volume of 333435 shares. The stock had previously closed at $37.10.

iShares Latin America 40 ETF Stock Performance

The stock’s fifty day moving average is $32.68 and its 200 day moving average is $29.73. The stock has a market cap of $4.17 billion, a P/E ratio of 10.28 and a beta of 0.90.

Hedge Funds Weigh In On iShares Latin America 40 ETF

Several large investors have recently modified their holdings of ILF. Assetmark Inc. boosted its stake in iShares Latin America 40 ETF by 1,605.2% during the second quarter. Assetmark Inc. now owns 2,064,352 shares of the company’s stock worth $54,107,000 after buying an additional 1,943,287 shares during the period. New Harbor Financial Group LLC purchased a new position in shares of iShares Latin America 40 ETF during the second quarter valued at approximately $25,267,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of iShares Latin America 40 ETF in the fourth quarter worth approximately $27,320,000. Marks Wealth LLC bought a new stake in shares of iShares Latin America 40 ETF during the 4th quarter worth approximately $20,700,000. Finally, Commonwealth Equity Services LLC boosted its holdings in iShares Latin America 40 ETF by 1,477.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 582,132 shares of the company’s stock valued at $16,818,000 after acquiring an additional 545,231 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).