iShares MSCI Israel ETF (NYSEARCA:EIS) Trading Down 1.5% – Here’s Why

Shares of iShares MSCI Israel ETF (NYSEARCA:EIS) were down 1.5% during trading on Monday . The stock traded as low as $120.25 and last traded at $121.09. 99,180 shares were traded during mid-day trading, a decline of 29% from the average session volume of 139,793 shares. The stock had previously closed at $122.97.

iShares MSCI Israel ETF Trading Up 0.8%

The firm has a market cap of $903 million, a P/E ratio of 13.79 and a beta of 1.03. The business’s fifty day moving average price is $129.56 and its two-hundred day moving average price is $121.94.

Hedge Funds Weigh In On iShares MSCI Israel ETF

Several hedge funds have recently bought and sold shares of EIS. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI Israel ETF by 146,250.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 600,035 shares of the company’s stock worth $66,022,000 after buying an additional 599,625 shares during the last quarter. Korea Investment CORP boosted its stake in shares of iShares MSCI Israel ETF by 130.9% during the 3rd quarter. Korea Investment CORP now owns 410,232 shares of the company’s stock worth $41,146,000 after acquiring an additional 232,559 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of iShares MSCI Israel ETF during the 1st quarter valued at about $5,684,000. UBS Group AG increased its holdings in shares of iShares MSCI Israel ETF by 59.9% during the 4th quarter. UBS Group AG now owns 69,281 shares of the company’s stock valued at $7,623,000 after acquiring an additional 25,954 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of iShares MSCI Israel ETF by 142.3% in the 1st quarter. Bank of America Corp DE now owns 60,056 shares of the company’s stock valued at $6,969,000 after acquiring an additional 35,267 shares in the last quarter.

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.