iShares Latin America 40 ETF (NYSEARCA:ILF) Shares Gap Up – Should You Buy?

iShares Latin America 40 ETF (NYSEARCA:ILF)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $34.98, but opened at $37.54. iShares Latin America 40 ETF shares last traded at $37.8940, with a volume of 682,552 shares trading hands.

iShares Latin America 40 ETF Trading Up 0.5%

The firm has a 50-day moving average of $35.05 and a 200 day moving average of $35.03. The company has a market cap of $4.24 billion, a P/E ratio of 10.28 and a beta of 0.65.

Hedge Funds Weigh In On iShares Latin America 40 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of iShares Latin America 40 ETF by 28.4% in the 1st quarter. Bank of America Corp DE now owns 2,506,803 shares of the company’s stock valued at $89,042,000 after acquiring an additional 554,633 shares in the last quarter. Hsbc Holdings PLC boosted its stake in iShares Latin America 40 ETF by 8,903.8% during the first quarter. Hsbc Holdings PLC now owns 2,467,032 shares of the company’s stock worth $87,629,000 after acquiring an additional 2,439,632 shares in the last quarter. Bank of Nova Scotia grew its holdings in iShares Latin America 40 ETF by 149.9% in the first quarter. Bank of Nova Scotia now owns 1,107,333 shares of the company’s stock worth $39,332,000 after purchasing an additional 664,200 shares during the period. Journey Advisory Group LLC grew its holdings in iShares Latin America 40 ETF by 46.2% in the first quarter. Journey Advisory Group LLC now owns 801,157 shares of the company’s stock worth $28,457,000 after purchasing an additional 253,156 shares during the period. Finally, Royal Bank of Canada grew its holdings in iShares Latin America 40 ETF by 219.5% in the first quarter. Royal Bank of Canada now owns 679,731 shares of the company’s stock worth $24,143,000 after purchasing an additional 467,007 shares during the period. 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).