iShares MSCI Chile ETF (BATS:ECH) Reaches New 52-Week Low – What’s Next?

iShares MSCI Chile ETF (BATS:ECH)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.48 and last traded at $26.60, with a volume of 130335 shares changing hands. The stock had previously closed at $25.43.

iShares MSCI Chile ETF Trading Up 5.1 %

The firm’s fifty day moving average price is $25.52 and its 200-day moving average price is $25.87. The firm has a market cap of $582.54 million, a price-to-earnings ratio of 4.69 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI Chile ETF

Several hedge funds have recently made changes to their positions in the company. Whitcomb & Hess Inc. lifted its holdings in shares of iShares MSCI Chile ETF by 0.5% in the 4th quarter. Whitcomb & Hess Inc. now owns 288,712 shares of the company’s stock valued at $7,229,000 after purchasing an additional 1,388 shares during the last quarter. Banco Santander S.A. lifted its stake in iShares MSCI Chile ETF by 30.8% in the third quarter. Banco Santander S.A. now owns 229,579 shares of the company’s stock valued at $6,263,000 after buying an additional 54,000 shares during the last quarter. Marotta Asset Management grew its position in shares of 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 acquiring an additional 3,178 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of iShares MSCI Chile ETF in the 3rd quarter valued at $2,080,000. Finally, Marshall Wace LLP acquired a new position in shares of iShares MSCI Chile ETF in the 2nd quarter valued at $966,000.

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.