iShares MSCI Chile ETF (BATS:ECH) Reaches New 12-Month Low – Here’s What Happened

iShares MSCI Chile ETF (BATS:ECH) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.48 and last traded at $28.47, with a volume of 130335 shares traded. The stock had previously closed at $25.43.

iShares MSCI Chile ETF Price Performance

The stock has a 50-day moving average of $26.33 and a 200 day moving average of $26.09. The company has a market cap of $630.65 million, a P/E ratio of 4.69 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI Chile ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in iShares MSCI Chile ETF during the third quarter valued at approximately $27,000. LMR Partners LLP acquired a new position in iShares MSCI Chile ETF during the fourth quarter worth about $54,000. Flow Traders U.S. LLC acquired a new position in iShares MSCI Chile ETF during the third quarter worth about $236,000. Wolverine Trading LLC acquired a new position in iShares MSCI Chile ETF during the third quarter worth about $237,000. Finally, Verition Fund Management LLC increased its position in iShares MSCI Chile ETF by 25.0% during the 3rd quarter. Verition Fund Management LLC now owns 10,000 shares of the company’s stock worth $273,000 after purchasing an additional 2,000 shares in the last quarter.

About iShares MSCI Chile ETF

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.