iShares MSCI Chile ETF (BATS:ECH) Stock Pass Above Fifty Day Moving Average – Here’s What Happened

iShares MSCI Chile ETF (BATS:ECH) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $43.19 and traded as high as $43.73. iShares MSCI Chile ETF shares last traded at $43.58, with a volume of 827,119 shares changing hands.

iShares MSCI Chile ETF Trading Up 0.1%

The firm has a 50 day simple moving average of $43.19 and a two-hundred day simple moving average of $37.39. The company has a market capitalization of $880.32 million, a PE ratio of 12.06 and a beta of 0.74.

Hedge Funds Weigh In On iShares MSCI Chile ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pekin Hardy Strauss Inc. increased its stake in iShares MSCI Chile ETF by 3.1% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 12,006 shares of the company’s stock valued at $396,000 after buying an additional 362 shares during the period. Insigneo Advisory Services LLC boosted its holdings in shares of iShares MSCI Chile ETF by 1.3% in the second quarter. Insigneo Advisory Services LLC now owns 29,915 shares of the company’s stock valued at $941,000 after acquiring an additional 374 shares in the last quarter. MetLife Inc increased its stake in shares of iShares MSCI Chile ETF by 0.7% during the fourth quarter. MetLife Inc now owns 82,760 shares of the company’s stock worth $3,364,000 after acquiring an additional 568 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of iShares MSCI Chile ETF during the fourth quarter worth about $25,000. Finally, Wealthfront Advisers LLC raised its holdings in iShares MSCI Chile ETF by 8.5% during the fourth quarter. Wealthfront Advisers LLC now owns 9,624 shares of the company’s stock worth $389,000 after purchasing an additional 756 shares in the last quarter.

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. The Index consists of stocks traded primarily on the Santiago Stock Exchange.