iShares MSCI Israel ETF (NYSEARCA:EIS) Shares Up 0.3% – Still a Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS) shot up 0.3% on Monday . The company traded as high as $120.20 and last traded at $119.65. Approximately 59,000 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 127,768 shares. The stock had previously closed at $119.35.

iShares MSCI Israel ETF Stock Performance

The stock has a fifty day simple moving average of $122.92 and a 200-day simple moving average of $123.57. The stock has a market cap of $884.06 million, a P/E ratio of 13.79 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in iShares MSCI Israel ETF by 98.4% in the 4th quarter. HighTower Advisors LLC now owns 28,662 shares of the company’s stock valued at $3,154,000 after acquiring an additional 14,213 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of iShares MSCI Israel ETF during the 4th quarter worth approximately $806,000. Legacy Capital Group California Inc. acquired a new stake in shares of iShares MSCI Israel ETF in the fourth quarter valued at approximately $1,284,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $66,022,000 after purchasing an additional 599,625 shares during the last quarter. Finally, WMG Financial Advisors LLC bought a new stake in shares of iShares MSCI Israel ETF in the fourth quarter worth $1,278,000.

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.