iShares Latin America 40 ETF (NYSEARCA:ILF) Sees Large Volume Increase – Time to Buy?

Shares of iShares Latin America 40 ETF (NYSEARCA:ILF) saw an uptick in trading volume on Tuesday . 2,439,220 shares changed hands during trading, an increase of 105% from the previous session’s volume of 1,191,969 shares.The stock last traded at $22.34 and had previously closed at $22.41.

iShares Latin America 40 ETF Stock Up 0.8 %

The company has a 50 day moving average price of $22.56 and a 200-day moving average price of $23.85. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 8.99 and a beta of 1.14.

Institutional Trading of iShares Latin America 40 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Total Investment Management Inc. increased its position in shares of iShares Latin America 40 ETF by 6.7% during the third quarter. Total Investment Management Inc. now owns 2,272,590 shares of the company’s stock worth $58,883,000 after buying an additional 143,459 shares during the period. Thrivent Financial for Lutherans increased its stake in iShares Latin America 40 ETF by 10.6% in the third quarter. Thrivent Financial for Lutherans now owns 39,730 shares of the company’s stock valued at $1,029,000 after purchasing an additional 3,799 shares in the last quarter. Banco Santander S.A. increased its stake in iShares Latin America 40 ETF by 38.6% in the third quarter. Banco Santander S.A. now owns 801,699 shares of the company’s stock valued at $20,772,000 after purchasing an additional 223,311 shares in the last quarter. Citigroup Inc. raised its holdings in shares of iShares Latin America 40 ETF by 7.9% during the third quarter. Citigroup Inc. now owns 405,948 shares of the company’s stock valued at $10,518,000 after purchasing an additional 29,611 shares during the period. Finally, Freedom Investment Management Inc. raised its stake in shares of iShares Latin America 40 ETF by 8.9% in the third quarter. Freedom Investment Management Inc. now owns 19,886 shares of the company’s stock worth $515,000 after purchasing an additional 1,626 shares during the last quarter.

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.