iShares MSCI Israel ETF (NYSEARCA:EIS) Hits New 1-Year High – Still a Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $122.99 and last traded at $122.18, with a volume of 108220 shares. The stock had previously closed at $120.72.

iShares MSCI Israel ETF Stock Performance

The stock’s 50-day simple moving average is $113.91 and its 200 day simple moving average is $103.02. The company has a market capitalization of $766.07 million, a PE ratio of 13.79 and a beta of 1.03.

Institutional Trading of iShares MSCI Israel ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in shares of iShares MSCI Israel ETF during the 3rd quarter worth about $25,000. Princeton Global Asset Management LLC increased its stake in iShares MSCI Israel ETF by 49.8% in the third quarter. Princeton Global Asset Management LLC now owns 301 shares of the company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. Triumph Capital Management acquired a new stake in iShares MSCI Israel ETF during the third quarter worth approximately $37,000. AlphaCore Capital LLC purchased a new stake in shares of iShares MSCI Israel ETF during the 3rd quarter worth approximately $40,000. Finally, Cloud Capital Management LLC acquired a new position in shares of iShares MSCI Israel ETF in the 3rd quarter valued at $52,000.

About iShares MSCI Israel ETF

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.