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

iShares Latin America 40 ETF (NYSEARCA:ILF)’s share price 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 traded.

iShares Latin America 40 ETF Stock Performance

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

Hedge Funds Weigh In On iShares Latin America 40 ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Randolph Co Inc purchased a new stake in iShares Latin America 40 ETF in the third quarter worth about $11,805,000. Wedbush Securities Inc. bought a new position in shares of iShares Latin America 40 ETF in the third quarter worth about $838,000. New Harbor Financial Group LLC purchased a new position in shares of iShares Latin America 40 ETF during the 3rd quarter valued at about $36,835,000. MBL Wealth LLC lifted 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 position in shares of iShares Latin America 40 ETF during the 3rd quarter valued at about $1,097,000. 45.01% of the stock is currently owned by hedge funds and other institutional investors.

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).