iShares MSCI Israel ETF (NYSEARCA:EIS) Shares Gap Down – Time to Sell?

iShares MSCI Israel ETF (NYSEARCA:EIS) shares gapped down prior to trading on Wednesday. The stock had previously closed at $124.34, but opened at $118.00. iShares MSCI Israel ETF shares last traded at $118.1740, with a volume of 26,388 shares trading hands.

iShares MSCI Israel ETF Trading Down 5.1%

The stock has a market capitalization of $855.27 million, a price-to-earnings ratio of 13.79 and a beta of 1.07. The stock has a 50-day moving average price of $122.25 and a 200 day moving average price of $123.08.

Institutional Investors Weigh In On iShares MSCI Israel ETF

Several institutional investors have recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new stake in iShares MSCI Israel ETF during the 2nd quarter worth approximately $29,000. Compass Financial Management LLC purchased a new stake in shares of iShares MSCI Israel ETF during the second quarter worth approximately $37,000. Princeton Global Asset Management LLC boosted its stake in iShares MSCI Israel ETF by 41.3% during the 1st quarter. Princeton Global Asset Management LLC now owns 428 shares of the company’s stock worth $50,000 after purchasing an additional 125 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of iShares MSCI Israel ETF during the first quarter worth $58,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of iShares MSCI Israel ETF in the first quarter valued at about $58,000.

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.