iShares Latin America 40 ETF (NYSEARCA:ILF) Reaches New 1-Year High – Time to Buy?

iShares Latin America 40 ETF (NYSEARCA:ILF) reached a new 52-week high on Thursday . The company traded as high as $37.30 and last traded at $37.2640, with a volume of 333435 shares traded. The stock had previously closed at $37.10.

iShares Latin America 40 ETF Trading Down 1.2%

The company has a market cap of $4.17 billion, a P/E ratio of 10.28 and a beta of 0.90. The firm has a 50 day moving average of $32.68 and a 200-day moving average of $29.73.

Institutional Trading of iShares Latin America 40 ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of iShares Latin America 40 ETF by 0.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 38,294 shares of the company’s stock valued at $1,166,000 after purchasing an additional 288 shares in the last quarter. Verus Financial Partners Inc. increased its stake in iShares Latin America 40 ETF by 2.0% in the 4th quarter. Verus Financial Partners Inc. now owns 16,204 shares of the company’s stock worth $493,000 after acquiring an additional 311 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in shares of iShares Latin America 40 ETF by 3.5% during the 4th quarter. Gold Investment Management Ltd. now owns 12,154 shares of the company’s stock worth $370,000 after acquiring an additional 413 shares in the last quarter. EFG Asset Management Americas Corp. boosted its position in shares of iShares Latin America 40 ETF by 0.6% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 70,011 shares of the company’s stock valued at $1,835,000 after acquiring an additional 430 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC grew its holdings in shares of iShares Latin America 40 ETF by 4.6% in the second quarter. Cottonwood Capital Advisors LLC now owns 9,796 shares of the company’s stock valued at $257,000 after purchasing an additional 431 shares in the last quarter. 45.01% of the stock is currently owned by institutional investors.

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).