iShares Latin America 40 ETF (NYSEARCA:ILF) Sets New 12-Month High – Time to Buy?

Shares of iShares Latin America 40 ETF (NYSEARCA:ILF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.94 and last traded at $32.9340, with a volume of 1730470 shares traded. The stock had previously closed at $32.50.

iShares Latin America 40 ETF Stock Up 1.2%

The firm has a market capitalization of $2.96 billion, a PE ratio of 10.28 and a beta of 0.90. The company has a 50-day moving average of $30.97 and a 200 day moving average of $28.56.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ILF. Biltmore Family Office LLC raised its stake in iShares Latin America 40 ETF by 146.9% in the second quarter. Biltmore Family Office LLC now owns 1,200 shares of the company’s stock valued at $31,000 after purchasing an additional 714 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of iShares Latin America 40 ETF in the 2nd quarter worth $32,000. Game Plan Financial Advisors LLC purchased a new stake in shares of iShares Latin America 40 ETF during the 4th quarter valued at $36,000. Sound Income Strategies LLC lifted its holdings in shares of iShares Latin America 40 ETF by 288.0% during the 2nd quarter. Sound Income Strategies LLC now owns 1,882 shares of the company’s stock worth $49,000 after acquiring an additional 1,397 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of iShares Latin America 40 ETF by 1,095.3% during the 3rd quarter. IFP Advisors Inc now owns 2,295 shares of the company’s stock worth $66,000 after acquiring an additional 2,103 shares during the last quarter. 45.01% of the stock is currently owned by institutional investors.

iShares Latin America 40 ETF Company Profile

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).