iShares MSCI Chile ETF (BATS:ECH) Reaches New 12-Month Low – Time to Sell?

iShares MSCI Chile ETF (BATS:ECH)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $25.48 and last traded at $28.37, with a volume of 130335 shares changing hands. The stock had previously closed at $25.43.

iShares MSCI Chile ETF Price Performance

The company has a market capitalization of $617.62 million, a price-to-earnings ratio of 4.69 and a beta of 0.85. The business’s 50 day simple moving average is $25.86 and its 200 day simple moving average is $25.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ECH. Whitcomb & Hess Inc. raised its holdings in shares of iShares MSCI Chile ETF by 0.5% in the fourth quarter. Whitcomb & Hess Inc. now owns 288,712 shares of the company’s stock worth $7,229,000 after acquiring an additional 1,388 shares during the last quarter. Banco Santander S.A. grew its holdings in shares of iShares MSCI Chile ETF by 30.8% during the third quarter. Banco Santander S.A. now owns 229,579 shares of the company’s stock worth $6,263,000 after buying an additional 54,000 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of iShares MSCI Chile ETF in the third quarter valued at approximately $2,080,000. Sanctuary Advisors LLC purchased a new position in shares of iShares MSCI Chile ETF during the second quarter valued at approximately $695,000. Finally, Centiva Capital LP acquired a new position in iShares MSCI Chile ETF in the 3rd quarter valued at $464,000.

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.