iShares Latin America 40 ETF (NYSEARCA:ILF) Sets New 1-Year High – Still a Buy?

iShares Latin America 40 ETF (NYSEARCA:ILF) shares reached a new 52-week high on Monday . The company traded as high as $35.29 and last traded at $35.3140, with a volume of 643162 shares traded. The stock had previously closed at $34.99.

iShares Latin America 40 ETF Stock Up 0.2%

The stock has a market cap of $3.31 billion, a P/E ratio of 10.28 and a beta of 0.90. The company’s 50 day moving average price is $31.23 and its 200-day moving average price is $28.77.

Institutional Investors Weigh In On iShares Latin America 40 ETF

A number of institutional investors have recently made changes to their positions in ILF. EFG Asset Management Americas Corp. lifted its stake in shares of iShares Latin America 40 ETF by 0.6% in the second quarter. EFG Asset Management Americas Corp. now owns 70,011 shares of the company’s stock worth $1,835,000 after acquiring an additional 430 shares during the period. Cottonwood Capital Advisors LLC increased its position in iShares Latin America 40 ETF by 4.6% during the 2nd 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 during the period. Family Firm Inc. raised its holdings in iShares Latin America 40 ETF by 1.6% during the 2nd quarter. Family Firm Inc. now owns 30,433 shares of the company’s stock worth $798,000 after purchasing an additional 471 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in iShares Latin America 40 ETF by 4.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,000 shares of the company’s stock worth $288,000 after purchasing an additional 500 shares during the last quarter. Finally, Alexander Randolph Advisory Inc. lifted its position in shares of iShares Latin America 40 ETF by 4.8% in the 3rd quarter. Alexander Randolph Advisory Inc. now owns 11,986 shares of the company’s stock worth $346,000 after purchasing an additional 544 shares during the period. Institutional investors own 45.01% of the company’s stock.

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).