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

Shares of iShares MSCI Chile ETF (BATS:ECH) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $26.79 and last traded at $26.84, with a volume of 167856 shares changing hands. The stock had previously closed at $26.98.

iShares MSCI Chile ETF Stock Performance

The stock’s 50-day simple moving average is $26.36 and its 200 day simple moving average is $26.68. The company has a market capitalization of $558.52 million, a PE ratio of 4.69 and a beta of 0.85.

Institutional Investors Weigh In On iShares MSCI Chile ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECH. Farther Finance Advisors LLC purchased a new stake in iShares MSCI Chile ETF during the third quarter worth about $27,000. AlphaCentric Advisors LLC purchased a new stake in iShares MSCI Chile ETF in the 2nd quarter worth approximately $37,000. SG Americas Securities LLC acquired a new position in iShares MSCI Chile ETF in the 1st quarter valued at $185,000. Mount Lucas Management LP acquired a new stake in iShares MSCI Chile ETF in the 2nd quarter worth about $244,000. Finally, Renaissance Technologies LLC acquired a new position in shares of iShares MSCI Chile ETF during the 2nd quarter valued at about $264,000.

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.