iShares MSCI Chile ETF (BATS:ECH) Share Price Cross Below 200-Day Moving Average – Here’s Why

iShares MSCI Chile ETF (BATS:ECH)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.37 and traded as low as $41.06. iShares MSCI Chile ETF shares last traded at $41.25, with a volume of 347,969 shares traded.

iShares MSCI Chile ETF Stock Performance

The company has a market cap of $833.25 million, a P/E ratio of 12.06 and a beta of 0.74. The stock has a 50-day moving average of $39.83 and a two-hundred day moving average of $41.37.

Hedge Funds Weigh In On iShares MSCI Chile ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Inc boosted its stake in iShares MSCI Chile ETF by 0.7% in the 4th quarter. MetLife Inc now owns 82,760 shares of the company’s stock worth $3,364,000 after purchasing an additional 568 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in iShares MSCI Chile ETF during the 4th quarter valued at about $25,000. Wealthfront Advisers LLC increased its stake in iShares MSCI Chile ETF by 8.5% during the 4th quarter. Wealthfront Advisers LLC now owns 9,624 shares of the company’s stock valued at $389,000 after purchasing an additional 756 shares in the last quarter. Osaic Holdings Inc. raised its holdings in iShares MSCI Chile ETF by 2.4% in the fourth quarter. Osaic Holdings Inc. now owns 34,863 shares of the company’s stock worth $1,408,000 after buying an additional 801 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in iShares MSCI Chile ETF by 15.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,570 shares of the company’s stock worth $301,000 after buying an additional 1,000 shares during 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. The Index consists of stocks traded primarily on the Santiago Stock Exchange.