iShares MSCI Israel ETF (NYSEARCA:EIS) Hits New 1-Year High – Time to Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $120.17 and last traded at $120.0510, with a volume of 11033 shares traded. The stock had previously closed at $118.78.

iShares MSCI Israel ETF Stock Down 0.6%

The stock has a fifty day moving average price of $111.32 and a two-hundred day moving average price of $101.86. The company has a market capitalization of $730.42 million, a price-to-earnings ratio of 13.79 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI Israel ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of iShares MSCI Israel ETF during the third quarter valued at approximately $25,000. Princeton Global Asset Management LLC lifted its stake in shares of iShares MSCI Israel ETF by 49.8% during the 3rd quarter. Princeton Global Asset Management LLC now owns 301 shares of the company’s stock worth $30,000 after purchasing an additional 100 shares during the period. Triumph Capital Management purchased a new position in shares of iShares MSCI Israel ETF during the 3rd quarter worth $37,000. AlphaCore Capital LLC acquired a new stake in shares of iShares MSCI Israel ETF during the third quarter worth $40,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of iShares MSCI Israel ETF in the third quarter valued at $52,000.

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.