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

iShares MSCI Chile ETF (BATS:ECH) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $25.48 and last traded at $28.65, with a volume of 130335 shares changing hands. The stock had previously closed at $25.43.

iShares MSCI Chile ETF Stock Performance

The stock has a market cap of $629.65 million, a price-to-earnings ratio of 4.69 and a beta of 0.85. The company’s 50 day simple moving average is $26.59 and its 200 day simple moving average is $26.21.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State of Tennessee Department of Treasury boosted its stake in iShares MSCI Chile ETF by 0.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 689,951 shares of the company’s stock valued at $17,276,000 after purchasing an additional 4,908 shares in the last quarter. Whitcomb & Hess Inc. lifted 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 valued at $7,229,000 after buying an additional 1,388 shares during the period. Jane Street Group LLC boosted its stake in iShares MSCI Chile ETF by 226.7% during the fourth quarter. Jane Street Group LLC now owns 269,198 shares of the company’s stock valued at $6,741,000 after buying an additional 186,791 shares in the last quarter. Banco Santander S.A. boosted its stake in 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 valued at $6,263,000 after buying an additional 54,000 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in iShares MSCI Chile ETF by 337.5% during the fourth quarter. Stifel Financial Corp now owns 186,594 shares of the company’s stock worth $4,673,000 after acquiring an additional 143,942 shares during the period.

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.