iShares Latin America 40 ETF (NYSEARCA:ILF) Hits New 52-Week High – Time to Buy?

Shares of iShares Latin America 40 ETF (NYSEARCA:ILF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.29 and last traded at $35.3140, with a volume of 643162 shares. The stock had previously closed at $34.99.

iShares Latin America 40 ETF Stock Up 1.2%

The firm has a 50 day moving average of $31.45 and a 200 day moving average of $28.92. The firm has a market cap of $3.55 billion, a PE ratio of 10.28 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ILF. Comerica Bank raised its stake in iShares Latin America 40 ETF by 258.0% in the 1st quarter. Comerica Bank now owns 3,036 shares of the company’s stock valued at $72,000 after acquiring an additional 2,188 shares during the period. Millennium Management LLC bought a new stake in shares of iShares Latin America 40 ETF in the first quarter valued at approximately $5,240,000. Sound Income Strategies LLC raised its position in shares of iShares Latin America 40 ETF by 288.0% in the second quarter. Sound Income Strategies LLC now owns 1,882 shares of the company’s stock valued at $49,000 after purchasing an additional 1,397 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of iShares Latin America 40 ETF during the 2nd quarter valued at approximately $32,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in iShares Latin America 40 ETF in the 2nd quarter worth approximately $247,000. Institutional investors own 45.01% of the company’s stock.

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).