iShares Latin America 40 ETF (NYSEARCA:ILF) Sees Strong Trading Volume – Should You Buy?

iShares Latin America 40 ETF (NYSEARCA:ILF) saw unusually-high trading volume on Wednesday . Approximately 1,987,969 shares traded hands during trading, an increase of 68% from the previous session’s volume of 1,184,892 shares.The stock last traded at $22.58 and had previously closed at $22.24.

iShares Latin America 40 ETF Stock Performance

The firm has a market capitalization of $1.25 billion, a PE ratio of 8.99 and a beta of 1.14. The stock’s 50 day simple moving average is $22.42 and its two-hundred day simple moving average is $23.95.

Hedge Funds Weigh In On iShares Latin America 40 ETF

Institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new position in iShares Latin America 40 ETF in the 4th quarter valued at about $13,204,000. BNP Paribas Financial Markets raised its position in shares of iShares Latin America 40 ETF by 373.3% during the 4th quarter. BNP Paribas Financial Markets now owns 636,539 shares of the company’s stock valued at $13,310,000 after buying an additional 502,044 shares during the period. HighTower Advisors LLC lifted its holdings in iShares Latin America 40 ETF by 1,062.9% in the fourth quarter. HighTower Advisors LLC now owns 392,234 shares of the company’s stock valued at $8,202,000 after acquiring an additional 358,504 shares during the last quarter. Banco Santander S.A. lifted its holdings in iShares Latin America 40 ETF by 38.6% in the third quarter. Banco Santander S.A. now owns 801,699 shares of the company’s stock valued at $20,772,000 after acquiring an additional 223,311 shares during the last quarter. Finally, Jane Street Group LLC grew its position in iShares Latin America 40 ETF by 46.6% in the third quarter. Jane Street Group LLC now owns 668,557 shares of the company’s stock worth $17,322,000 after acquiring an additional 212,373 shares during the period.

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.