iShares MSCI Israel ETF (NYSEARCA:EIS) Sees Large Volume Increase – Here’s What Happened

iShares MSCI Israel ETF (NYSEARCA:EIS) shares saw strong trading volume on Friday . 234,011 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 163,256 shares.The stock last traded at $114.46 and had previously closed at $118.55.

iShares MSCI Israel ETF Trading Down 3.9%

The company has a market capitalization of $734.98 million, a price-to-earnings ratio of 13.79 and a beta of 1.03. The firm has a 50-day moving average price of $121.04 and a 200-day moving average price of $110.11.

Institutional Trading of iShares MSCI Israel ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EIS. Princeton Global Asset Management LLC boosted its holdings in iShares MSCI Israel ETF by 49.8% during the third quarter. Princeton Global Asset Management LLC now owns 301 shares of the company’s stock worth $30,000 after buying an additional 100 shares in the last quarter. Creative Planning lifted its position in shares of iShares MSCI Israel ETF by 3.5% during the 3rd quarter. Creative Planning now owns 2,976 shares of the company’s stock valued at $298,000 after acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of iShares MSCI Israel ETF by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 572 shares of the company’s stock valued at $57,000 after acquiring an additional 102 shares during the last quarter. Truist Financial Corp boosted its stake in shares of iShares MSCI Israel ETF by 3.2% during the 3rd quarter. Truist Financial Corp now owns 3,576 shares of the company’s stock worth $359,000 after acquiring an additional 111 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI Israel ETF by 5.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,061 shares of the company’s stock worth $307,000 after acquiring an additional 147 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.