Brookstone Capital Management Buys New Stake in iShares Latin America 40 ETF $ILF

Brookstone Capital Management purchased a new position in iShares Latin America 40 ETF (NYSEARCA:ILF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,225 shares of the company’s stock, valued at approximately $2,108,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New Harbor Financial Group LLC acquired a new stake in iShares Latin America 40 ETF during the second quarter valued at approximately $25,267,000. Commonwealth Equity Services LLC grew its stake in shares of iShares Latin America 40 ETF by 1,477.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 582,132 shares of the company’s stock valued at $16,818,000 after purchasing an additional 545,231 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of iShares Latin America 40 ETF in the 2nd quarter worth approximately $9,893,000. Bank of America Corp DE lifted its position in shares of iShares Latin America 40 ETF by 79.6% during the 3rd quarter. Bank of America Corp DE now owns 777,310 shares of the company’s stock worth $22,456,000 after buying an additional 344,491 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares Latin America 40 ETF by 134.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 435,775 shares of the company’s stock worth $11,422,000 after buying an additional 250,105 shares during the period. Institutional investors own 45.01% of the company’s stock.

iShares Latin America 40 ETF Price Performance

Shares of ILF stock opened at $35.62 on Friday. The stock’s fifty day simple moving average is $35.36 and its 200 day simple moving average is $31.90. iShares Latin America 40 ETF has a one year low of $20.97 and a one year high of $37.42. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 10.28 and a beta of 0.90.

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. The Index includes securities that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P).