iShares MSCI Israel ETF (NYSEARCA:EIS) Reaches New 12-Month High – What’s Next?

iShares MSCI Israel ETF (NYSEARCA:EIS) reached a new 52-week high during trading on Thursday . The stock traded as high as $117.38 and last traded at $117.12, with a volume of 224483 shares changing hands. The stock had previously closed at $116.31.

iShares MSCI Israel ETF Stock Up 1.1%

The stock’s fifty day moving average is $107.84 and its two-hundred day moving average is $99.76. The firm has a market capitalization of $648.89 million, a price-to-earnings ratio of 13.79 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI Israel ETF

Hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in iShares MSCI Israel ETF during the third quarter worth about $25,000. Princeton Global Asset Management LLC lifted its position in shares of iShares MSCI Israel ETF by 49.8% in the third quarter. Princeton Global Asset Management LLC now owns 301 shares of the company’s stock valued at $30,000 after buying an additional 100 shares during the last quarter. Triumph Capital Management bought a new position in shares of iShares MSCI Israel ETF during the 3rd quarter worth approximately $37,000. AlphaCore Capital LLC acquired a new position in shares of iShares MSCI Israel ETF during the 3rd quarter worth approximately $40,000. Finally, Cloud Capital Management LLC acquired a new position in shares of iShares MSCI Israel ETF during the 3rd quarter worth approximately $52,000.

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.