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

iShares MSCI Israel ETF (NYSEARCA:EIS) shares reached a new 52-week high on Wednesday . The company traded as high as $118.70 and last traded at $118.52, with a volume of 36168 shares. The stock had previously closed at $117.67.

iShares MSCI Israel ETF Price Performance

The stock has a 50 day simple moving average of $108.46 and a two-hundred day simple moving average of $100.24. The company has a market cap of $685.62 million, a price-to-earnings ratio of 13.79 and a beta of 1.03.

Institutional Trading of iShares MSCI Israel ETF

Several hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of iShares MSCI Israel ETF during the 3rd quarter valued at approximately $25,000. Princeton Global Asset Management LLC increased its stake 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 acquiring an additional 100 shares during the last quarter. Triumph Capital Management purchased a new stake in iShares MSCI Israel ETF in the third quarter valued at $37,000. AlphaCore Capital LLC acquired a new position in shares of iShares MSCI Israel ETF in the 3rd quarter valued at $40,000. Finally, Cloud Capital Management LLC purchased a new position in shares of iShares MSCI Israel ETF during the 3rd quarter worth $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.