iShares MSCI Chile ETF (BATS:ECH) Shares Cross Below Fifty Day Moving Average – Here’s Why

iShares MSCI Chile ETF (BATS:ECH) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $25.54 and traded as low as $24.85. iShares MSCI Chile ETF shares last traded at $25.04, with a volume of 292,981 shares changing hands.

iShares MSCI Chile ETF Stock Performance

The stock’s 50 day moving average is $25.51 and its 200 day moving average is $25.94. The firm has a market cap of $545.87 million, a price-to-earnings ratio of 4.69 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bcwm LLC lifted its position in iShares MSCI Chile ETF by 0.8% during the second quarter. Bcwm LLC now owns 114,616 shares of the company’s stock worth $2,965,000 after purchasing an additional 962 shares during the period. Farther Finance Advisors LLC acquired a new position in iShares MSCI Chile ETF in the 3rd quarter worth about $27,000. Mount Lucas Management LP increased its stake in shares of iShares MSCI Chile ETF by 13.4% in the third quarter. Mount Lucas Management LP now owns 10,681 shares of the company’s stock valued at $291,000 after buying an additional 1,263 shares during the period. Whitcomb & Hess Inc. boosted its position in iShares MSCI Chile ETF by 0.7% during the 3rd quarter. Whitcomb & Hess Inc. now owns 287,324 shares of the company’s stock worth $7,838,000 after buying an additional 1,962 shares during the period. Finally, Verition Fund Management LLC raised its stake 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 valued at $273,000 after acquiring an additional 2,000 shares during the last quarter.

iShares MSCI Chile ETF Company Profile

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.