iShares MSCI Thailand ETF (NYSEARCA:THD) Trading Up 1.6% – Here’s What Happened

Shares of iShares MSCI Thailand ETF (NYSEARCA:THD) shot up 1.6% on Friday . The company traded as high as $74.85 and last traded at $74.76. Approximately 33,086 shares changed hands during trading, a decline of 70% from the average daily volume of 110,897 shares. The stock had previously closed at $73.56.

iShares MSCI Thailand ETF Stock Up 1.6%

The stock has a 50 day simple moving average of $72.36 and a 200 day simple moving average of $70.87. The stock has a market cap of $377.54 million, a price-to-earnings ratio of 13.16 and a beta of 0.45.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

A number of large investors have recently modified their holdings of the company. Continuum Advisory LLC bought a new stake in iShares MSCI Thailand ETF during the 2nd quarter valued at $554,000. Buttonwood Financial Group LLC acquired a new position in iShares MSCI Thailand ETF during the second quarter worth $1,522,000. Beacon Financial Advisory LLC bought a new position in shares of iShares MSCI Thailand ETF in the second quarter valued at $685,000. Symphony Financial Ltd. Co. bought a new position in shares of iShares MSCI Thailand ETF in the second quarter valued at $189,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of iShares MSCI Thailand ETF during the first quarter valued at about $773,000. 67.20% of the stock is currently owned by institutional investors.

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.