iShares MSCI Israel ETF (NYSEARCA:EIS) Sets New 52-Week High – Should You Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $127.20 and last traded at $126.87, with a volume of 9302 shares. The stock had previously closed at $125.06.

iShares MSCI Israel ETF Stock Performance

The firm has a market cap of $980.67 million, a P/E ratio of 13.79 and a beta of 1.01. The firm’s fifty day moving average is $120.98 and its 200 day moving average is $112.29.

Institutional Trading of iShares MSCI Israel ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of iShares MSCI Israel ETF by 98.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 991 shares of the company’s stock worth $109,000 after buying an additional 491 shares during the period. Osbon Capital Management LLC bought a new stake in shares of iShares MSCI Israel ETF during the 4th quarter worth about $361,000. Corient Private Wealth LLC bought a new stake in shares of iShares MSCI Israel ETF during the 4th quarter worth about $356,000. Sunbelt Securities Inc. bought a new stake in shares of iShares MSCI Israel ETF during the 4th quarter worth about $339,000. Finally, Beacon Pointe Advisors LLC boosted its holdings in shares of iShares MSCI Israel ETF by 97.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,468 shares of the company’s stock worth $712,000 after buying an additional 3,189 shares during the period.

iShares MSCI Israel ETF Company Profile

The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.