iShares MSCI Chile ETF (BATS:ECH) Sets New 52-Week Low – Here’s Why

iShares MSCI Chile ETF (BATS:ECH)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $25.48 and last traded at $26.90, with a volume of 130335 shares. The stock had previously closed at $25.43.

iShares MSCI Chile ETF Trading Up 6.8 %

The firm has a market cap of $592.33 million, a price-to-earnings ratio of 4.69 and a beta of 0.85. The firm’s 50 day simple moving average is $25.60 and its two-hundred day simple moving average is $25.86.

Institutional Trading of iShares MSCI Chile ETF

A number of institutional investors have recently modified their holdings of ECH. Itau Unibanco Holding S.A. acquired a new position in iShares MSCI Chile ETF in the third quarter valued at about $2,080,000. Banco Santander S.A. lifted its holdings in shares of iShares MSCI Chile ETF by 30.8% during the 3rd quarter. Banco Santander S.A. now owns 229,579 shares of the company’s stock worth $6,263,000 after acquiring an additional 54,000 shares during the period. Marshall Wace LLP acquired a new stake in shares of iShares MSCI Chile ETF during the 2nd quarter worth approximately $966,000. Sanctuary Advisors LLC bought a new position in iShares MSCI Chile ETF in the second quarter valued at approximately $695,000. Finally, Centiva Capital LP acquired a new position in iShares MSCI Chile ETF during the third quarter valued at approximately $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.