iShares MSCI Thailand ETF (NYSEARCA:THD) Stock Price Down 0.7% – Here’s What Happened
by Sarita Garza · The Markets DailyiShares MSCI Thailand ETF (NYSEARCA:THD – Get Free Report)’s share price traded down 0.7% during mid-day trading on Thursday . The stock traded as low as $67.36 and last traded at $68.45. 28,376 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 149,463 shares. The stock had previously closed at $68.90.
iShares MSCI Thailand ETF Price Performance
The firm has a market cap of $287.49 million, a price-to-earnings ratio of 13.16 and a beta of 0.61. The stock’s 50 day moving average is $67.86 and its 200 day moving average is $62.75.
Institutional Trading of iShares MSCI Thailand ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of iShares MSCI Thailand ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 11,557 shares of the company’s stock valued at $690,000 after buying an additional 1,001 shares during the period. Stifel Financial Corp grew its holdings in iShares MSCI Thailand ETF by 18.0% during the fourth quarter. Stifel Financial Corp now owns 7,206 shares of the company’s stock worth $431,000 after acquiring an additional 1,097 shares during the period. Millburn Ridgefield LLC DE raised its position in iShares MSCI Thailand ETF by 1.5% in the third quarter. Millburn Ridgefield LLC DE now owns 76,746 shares of the company’s stock worth $4,520,000 after acquiring an additional 1,101 shares in the last quarter. Sun Life Financial Inc. raised its position in iShares MSCI Thailand ETF by 0.6% in the fourth quarter. Sun Life Financial Inc. now owns 217,775 shares of the company’s stock worth $12,995,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in iShares MSCI Thailand ETF by 30.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,197 shares of the company’s stock valued at $429,000 after acquiring an additional 1,700 shares during the last quarter. 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.