iShares MSCI Thailand ETF (NYSEARCA:THD) Stock Falls 1.4% – Here’s What Happened

Shares of iShares MSCI Thailand ETF (NYSEARCA:THD) were down 1.4% on Monday. The company traded as low as $72.34 and last traded at $72.52. Approximately 54,368 shares were traded during trading, a decline of 49% from the average daily volume of 106,611 shares. The stock had previously closed at $73.53.

iShares MSCI Thailand ETF Trading Down 1.9%

The company has a market cap of $404.27 million, a PE ratio of 13.16 and a beta of 0.43. The stock has a 50 day moving average price of $73.10 and a 200 day moving average price of $71.65.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

Institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in shares of iShares MSCI Thailand ETF during the 2nd quarter valued at $554,000. Buttonwood Financial Group LLC purchased a new stake in shares of iShares MSCI Thailand ETF in the 2nd quarter worth about $1,522,000. Beacon Financial Advisory LLC bought a new position in shares of iShares MSCI Thailand ETF in the 2nd quarter worth about $685,000. Symphony Financial Ltd. Co. bought a new position in shares of iShares MSCI Thailand ETF in the 2nd quarter worth about $189,000. Finally, Hilltop Holdings Inc. purchased a new position in iShares MSCI Thailand ETF during the 1st quarter valued at about $773,000. Institutional investors own 67.20% of the company’s stock.

iShares MSCI Thailand ETF Company Profile

The iShares MSCI Thailand ETF (THD) is an exchange-traded fund that is based on the MSCI Thailand IMI 25-50 index, a market-cap-weighted index of the Thai equity market. THD was launched on Mar 26, 2008 and is managed by BlackRock.