iShares MSCI Chile ETF (BATS:ECH) Hits New 12-Month Low – Time to Sell?

iShares MSCI Chile ETF (BATS:ECH)’s share price reached a new 52-week low during trading on Friday. The stock traded as low as $34.46 and last traded at $34.5260, with a volume of 352,634 shares changing hands. The stock had previously closed at $35.51.

iShares MSCI Chile ETF Stock Down 2.2%

The stock’s 50-day simple moving average is $38.68 and its 200 day simple moving average is $40.71. The stock has a market capitalization of $701.55 million, a price-to-earnings ratio of 12.06 and a beta of 0.74.

Institutional Trading of iShares MSCI Chile ETF

Institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in iShares MSCI Chile ETF in the first quarter valued at about $651,000. Maven Securities LTD increased its stake in iShares MSCI Chile ETF by 91.3% during the 2nd quarter. Maven Securities LTD now owns 37,300 shares of the company’s stock valued at $1,481,000 after purchasing an additional 17,800 shares in the last quarter. Dumac Inc. bought a new stake in iShares MSCI Chile ETF during the first quarter worth $1,948,000. Cullen Capital Management LLC purchased a new stake in shares of iShares MSCI Chile ETF during the second quarter valued at approximately $3,521,000. Finally, Innealta Capital LLC lifted its stake in iShares MSCI Chile ETF by 159.7% in the first quarter. Innealta Capital LLC now owns 37,011 shares of the company’s stock valued at $1,472,000 after purchasing an additional 22,761 shares during the last quarter.

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. The Index consists of stocks traded primarily on the Santiago Stock Exchange.