iShares MSCI Chile ETF (BATS:ECH) Share Price Pass Below Fifty Day Moving Average – Here’s What Happened

iShares MSCI Chile ETF (BATS:ECH) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $37.36 and traded as low as $25.4820. iShares MSCI Chile ETF shares last traded at $40.53, with a volume of 130,335 shares traded.

iShares MSCI Chile ETF Price Performance

The firm has a market cap of $818.71 million, a P/E ratio of 12.06 and a beta of 0.74. The company’s 50-day moving average is $37.36 and its two-hundred day moving average is $33.81.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in iShares MSCI Chile ETF during the third quarter worth $71,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares MSCI Chile ETF during the 3rd quarter worth $96,000. Centaurus Financial Inc. bought a new stake in shares of iShares MSCI Chile ETF during the 2nd quarter worth $104,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in iShares MSCI Chile ETF in the first quarter valued at about $186,000. Finally, Trek Financial LLC bought a new position in iShares MSCI Chile ETF in the second quarter valued at about $200,000.

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. The Index consists of stocks traded primarily on the Santiago Stock Exchange.