iShares MSCI Chile ETF (BATS:ECH) Sets New 52-Week Low – Here’s Why

Shares of iShares MSCI Chile ETF (BATS:ECH) hit a new 52-week low during trading on Monday . The company traded as low as $26.18 and last traded at $26.44, with a volume of 140402 shares traded. The stock had previously closed at $26.31.

iShares MSCI Chile ETF Price Performance

The stock has a market cap of $584.46 million, a price-to-earnings ratio of 4.69 and a beta of 0.85. The business’s 50 day moving average is $26.30 and its 200 day moving average is $26.70.

Hedge Funds Weigh In On iShares MSCI Chile ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whitcomb & Hess Inc. lifted its position in iShares MSCI Chile ETF by 0.7% in the third quarter. Whitcomb & Hess Inc. now owns 287,324 shares of the company’s stock valued at $7,838,000 after acquiring an additional 1,962 shares during the last quarter. Banco Santander S.A. boosted its position in shares of iShares MSCI Chile ETF by 22.2% in the 2nd quarter. Banco Santander S.A. now owns 175,579 shares of the company’s stock valued at $4,542,000 after purchasing an additional 31,856 shares during the period. Access Financial Services Inc. grew its stake in iShares MSCI Chile ETF by 1.1% during the 2nd quarter. Access Financial Services Inc. now owns 136,234 shares of the company’s stock worth $3,524,000 after buying an additional 1,530 shares during the last quarter. Bcwm LLC increased its position in iShares MSCI Chile ETF by 0.8% during the second quarter. Bcwm LLC now owns 114,616 shares of the company’s stock worth $2,965,000 after buying an additional 962 shares during the period. Finally, Marotta Asset Management increased its position in iShares MSCI Chile ETF by 4.0% during the third quarter. Marotta Asset Management now owns 83,219 shares of the company’s stock worth $2,270,000 after buying an additional 3,178 shares during the period.

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.