iShares Latin America 40 ETF (NYSEARCA:ILF) Hits New 12-Month High – Still a Buy?

iShares Latin America 40 ETF (NYSEARCA:ILF) reached a new 52-week high during trading on Thursday . The stock traded as high as $37.44 and last traded at $37.42, with a volume of 2421771 shares trading hands. The stock had previously closed at $36.79.

iShares Latin America 40 ETF Stock Performance

The company has a 50 day moving average of $35.38 and a 200 day moving average of $32.13. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 10.28 and a beta of 0.82.

Hedge Funds Weigh In On iShares Latin America 40 ETF

Several hedge funds and other institutional investors have recently modified their holdings of ILF. CI Investments Inc. lifted its stake in shares of iShares Latin America 40 ETF by 10,566.0% in the fourth quarter. CI Investments Inc. now owns 2,133,200 shares of the company’s stock worth $64,956,000 after buying an additional 2,113,200 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of iShares Latin America 40 ETF in the fourth quarter worth about $27,320,000. Marks Wealth LLC purchased a new position in shares of iShares Latin America 40 ETF in the fourth quarter worth about $20,700,000. Commonwealth Equity Services LLC lifted its stake in shares of iShares Latin America 40 ETF by 1,477.6% in the third quarter. Commonwealth Equity Services LLC now owns 582,132 shares of the company’s stock worth $16,818,000 after buying an additional 545,231 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of iShares Latin America 40 ETF by 81.2% in the fourth quarter. LPL Financial LLC now owns 1,157,180 shares of the company’s stock worth $35,236,000 after buying an additional 518,704 shares in the last quarter. 45.01% of the stock is owned by hedge funds and other 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).