iShares Latin America 40 ETF $ILF Stock: Gallacher Capital Management LLC Reduces Holdings

Gallacher Capital Management LLC trimmed its stake in iShares Latin America 40 ETF (NYSEARCA:ILF) by 35.2% in the third quarter, Holdings Channel.com reports. The firm owned 33,949 shares of the company’s stock after selling 18,463 shares during the quarter. iShares Latin America 40 ETF comprises 1.0% of Gallacher Capital Management LLC’s portfolio, making the stock its 21st largest holding. Gallacher Capital Management LLC’s holdings in iShares Latin America 40 ETF were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of iShares Latin America 40 ETF by 28.4% during the first quarter. Bank of America Corp DE now owns 2,506,803 shares of the company’s stock worth $89,042,000 after purchasing an additional 554,633 shares during the period. Hsbc Holdings PLC increased its stake in iShares Latin America 40 ETF by 8,903.8% in the 1st quarter. Hsbc Holdings PLC now owns 2,467,032 shares of the company’s stock valued at $87,629,000 after buying an additional 2,439,632 shares during the period. Bank of Nova Scotia increased its stake in iShares Latin America 40 ETF by 149.9% in the 1st quarter. Bank of Nova Scotia now owns 1,107,333 shares of the company’s stock valued at $39,332,000 after buying an additional 664,200 shares during the period. New Harbor Financial Group LLC acquired a new position in iShares Latin America 40 ETF in the 3rd quarter valued at approximately $36,835,000. Finally, Journey Advisory Group LLC lifted its position in iShares Latin America 40 ETF by 46.2% in the 1st quarter. Journey Advisory Group LLC now owns 801,157 shares of the company’s stock worth $28,457,000 after buying an additional 253,156 shares in the last quarter. 45.01% of the stock is currently owned by institutional investors and hedge funds.

iShares Latin America 40 ETF Stock Down 1.3%

ILF stock opened at $31.84 on Wednesday. The company has a 50 day moving average of $35.65 and a two-hundred day moving average of $35.19. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 10.28 and a beta of 0.71. iShares Latin America 40 ETF has a 12-month low of $29.08 and a 12-month high of $38.50.

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).