iShares MSCI Chile ETF (BATS:ECH) Hits New 1-Year Low – What’s Next?

iShares MSCI Chile ETF (BATS:ECH) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $25.17 and last traded at $25.31, with a volume of 470059 shares trading hands. The stock had previously closed at $25.14.

iShares MSCI Chile ETF Trading Up 0.2 %

The company has a market capitalization of $551.10 million, a P/E ratio of 4.69 and a beta of 0.85. The company has a 50 day moving average price of $26.08 and a 200 day moving average price of $26.47.

Hedge Funds Weigh In On iShares MSCI Chile ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECH. Wolverine Trading LLC acquired a new stake in shares of iShares MSCI Chile ETF during the 3rd quarter worth about $237,000. Itau Unibanco Holding S.A. bought a new stake in iShares MSCI Chile ETF in the 3rd quarter valued at $2,080,000. Centiva Capital LP acquired a new position in iShares MSCI Chile ETF in the 3rd quarter valued at $464,000. Flow Traders U.S. LLC bought a new position in iShares MSCI Chile ETF during the 3rd quarter worth $236,000. Finally, Verition Fund Management LLC lifted its holdings in shares of iShares MSCI Chile ETF by 25.0% during the third quarter. Verition Fund Management LLC now owns 10,000 shares of the company’s stock worth $273,000 after buying an additional 2,000 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.