iShares Latin America 40 ETF (NYSEARCA:ILF) Reaches New 52-Week Low – Should You Sell?

Shares of iShares Latin America 40 ETF (NYSEARCA:ILF) hit a new 52-week low during trading on Tuesday . The company traded as low as $21.85 and last traded at $21.85, with a volume of 1472 shares. The stock had previously closed at $22.75.

iShares Latin America 40 ETF Trading Down 4.6 %

The stock has a 50-day simple moving average of $24.24 and a 200-day simple moving average of $25.04. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 6.01 and a beta of 0.92.

Hedge Funds Weigh In On iShares Latin America 40 ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of iShares Latin America 40 ETF during the second quarter valued at approximately $64,000. Truist Financial Corp bought a new stake in shares of iShares Latin America 40 ETF during the 2nd quarter worth about $227,000. Foundations Investment Advisors LLC acquired a new position in iShares Latin America 40 ETF in the second quarter valued at about $239,000. PFG Investments LLC acquired a new stake in iShares Latin America 40 ETF in the third quarter valued at about $244,000. Finally, Park Avenue Securities LLC bought a new position in iShares Latin America 40 ETF in the 3rd quarter valued at approximately $252,000.

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.