iShares MSCI Ireland ETF (NYSEARCA:EIRL) Trading Down 1.1% – What’s Next?

iShares MSCI Ireland ETF (NYSEARCA:EIRL)’s share price traded down 1.1% during mid-day trading on Tuesday . The company traded as low as $73.00 and last traded at $73.01. 4,456 shares changed hands during trading, a decline of 28% from the average session volume of 6,221 shares. The stock had previously closed at $73.85.

iShares MSCI Ireland ETF Stock Performance

The company’s 50-day moving average price is $72.66 and its 200 day moving average price is $69.23. The stock has a market capitalization of $69.36 million, a PE ratio of 12.65 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. lifted its position in iShares MSCI Ireland ETF by 3.4% during the second quarter. TD Waterhouse Canada Inc. now owns 43,370 shares of the company’s stock valued at $2,913,000 after buying an additional 1,424 shares during the period. Brookstone Capital Management increased its stake in shares of iShares MSCI Ireland ETF by 3.2% in the 2nd quarter. Brookstone Capital Management now owns 6,375 shares of the company’s stock worth $428,000 after acquiring an additional 200 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in iShares MSCI Ireland ETF during the 2nd quarter valued at about $133,000. Wealthfront Advisers LLC boosted its stake in iShares MSCI Ireland ETF by 6.8% during the second quarter. Wealthfront Advisers LLC now owns 4,083 shares of the company’s stock worth $274,000 after acquiring an additional 261 shares in the last quarter. Finally, Equitable Holdings Inc. grew its holdings in iShares MSCI Ireland ETF by 4.5% in the third quarter. Equitable Holdings Inc. now owns 18,500 shares of the company’s stock worth $1,248,000 after purchasing an additional 800 shares during the period.

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.