iShares MSCI Ireland ETF (NYSEARCA:EIRL) Trading Down 1.5% – What’s Next?

iShares MSCI Ireland ETF (NYSEARCA:EIRL)’s stock price dropped 1.5% on Tuesday . The stock traded as low as $67.43 and last traded at $67.83. Approximately 3,873 shares were traded during trading, a decline of 24% from the average daily volume of 5,063 shares. The stock had previously closed at $68.85.

iShares MSCI Ireland ETF Price Performance

The company has a market cap of $61.05 million, a price-to-earnings ratio of 12.65 and a beta of 1.02. The business’s 50-day simple moving average is $67.87 and its 200-day simple moving average is $66.79.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EIRL. Elevation Point Wealth Partners LLC acquired a new stake in iShares MSCI Ireland ETF during the 2nd quarter valued at $133,000. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Ireland ETF in the second quarter valued at $145,000. Wealthfront Advisers LLC purchased a new stake in shares of iShares MSCI Ireland ETF in the first quarter valued at $226,000. Brookstone Capital Management boosted its stake in shares of iShares MSCI Ireland ETF by 3.2% during the second quarter. Brookstone Capital Management now owns 6,375 shares of the company’s stock valued at $428,000 after acquiring an additional 200 shares during the last quarter. Finally, UBS Group AG increased its position in iShares MSCI Ireland ETF by 47.6% during the 3rd quarter. UBS Group AG now owns 8,612 shares of the company’s stock worth $581,000 after purchasing an additional 2,779 shares in the last quarter.

About iShares MSCI Ireland ETF

The iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund that is based on the MSCI All Ireland Capped index, a market-cap-weighted index of Irish firms. EIRL was launched on May 5, 2010 and is managed by BlackRock.