iShares MSCI Ireland ETF (NYSEARCA:EIRL) Shares Up 1.3% – Still a Buy?

iShares MSCI Ireland ETF (NYSEARCA:EIRL)’s share price rose 1.3% on Monday. The company traded as high as $82.20 and last traded at $81.79. Approximately 13,506 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 8,431 shares. The stock had previously closed at $80.75.

iShares MSCI Ireland ETF Stock Up 1.3%

The company’s 50 day simple moving average is $81.81 and its 200-day simple moving average is $76.85. The firm has a market cap of $77.70 million, a P/E ratio of 12.65 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its stake in iShares MSCI Ireland ETF by 6.0% during the third quarter. TD Waterhouse Canada Inc. now owns 64,824 shares of the company’s stock worth $5,162,000 after buying an additional 3,648 shares during the period. Finer Wealth Management Inc. increased its position in shares of iShares MSCI Ireland ETF by 5.0% during the third quarter. Finer Wealth Management Inc. now owns 21,889 shares of the company’s stock valued at $1,794,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of iShares MSCI Ireland ETF by 5.0% in the 1st quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock valued at $323,000 after acquiring an additional 224 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.