iShares MSCI Israel ETF (NYSEARCA:EIS) Hits New 12-Month High – Should You Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $124.80 and last traded at $124.2560, with a volume of 352918 shares trading hands. The stock had previously closed at $118.78.

iShares MSCI Israel ETF Stock Up 6.1%

The company has a market capitalization of $812.65 million, a PE ratio of 13.79 and a beta of 1.03. The stock’s 50 day moving average is $118.14 and its two-hundred day moving average is $106.51.

Institutional Trading of iShares MSCI Israel ETF

Several hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC grew its holdings in iShares MSCI Israel ETF by 36,455.5% in the third quarter. CoreCap Advisors LLC now owns 46,791 shares of the company’s stock worth $4,693,000 after purchasing an additional 46,663 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in iShares MSCI Israel ETF during the 2nd quarter worth $1,139,000. DAVENPORT & Co LLC acquired a new position in iShares MSCI Israel ETF during the 3rd quarter valued at about $1,163,000. HighTower Advisors LLC raised its stake in iShares MSCI Israel ETF by 122.6% in the third quarter. HighTower Advisors LLC now owns 14,449 shares of the company’s stock valued at $1,449,000 after buying an additional 7,957 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of iShares MSCI Israel ETF by 133.0% during the second quarter. Allworth Financial LP now owns 953 shares of the company’s stock worth $90,000 after acquiring an additional 544 shares during the last quarter.

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.