iShares MSCI Thailand ETF (NYSEARCA:THD) Stock Falls 0.8% – Time to Sell?

iShares MSCI Thailand ETF (NYSEARCA:THD) shares fell 0.8% during mid-day trading on Tuesday. The company traded as low as $70.64 and last traded at $70.84. 39,529 shares traded hands during trading, a decline of 64% from the average session volume of 110,263 shares. The stock had previously closed at $71.41.

iShares MSCI Thailand ETF Price Performance

The company has a market cap of $403.79 million, a PE ratio of 13.16 and a beta of 0.42. The company has a fifty day moving average price of $72.69 and a 200 day moving average price of $72.15.

Institutional Investors Weigh In On iShares MSCI Thailand ETF

A number of institutional investors and hedge funds have recently bought and sold shares of THD. Buttonwood Financial Group LLC bought a new position in shares of iShares MSCI Thailand ETF in the 2nd quarter worth $1,522,000. Sparta 24 Ltd. purchased a new stake in shares of iShares MSCI Thailand ETF during the 1st quarter valued at $839,000. Hilltop Holdings Inc. purchased a new stake in shares of iShares MSCI Thailand ETF during the 1st quarter valued at $773,000. Beacon Financial Advisory LLC purchased a new stake in shares of iShares MSCI Thailand ETF during the 2nd quarter valued at $685,000. Finally, Continuum Advisory LLC bought a new stake in shares of iShares MSCI Thailand ETF during the 2nd quarter worth $554,000. 67.20% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Thailand ETF

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.