iShares MSCI Israel ETF (NYSEARCA:EIS) Sees Large Volume Increase – Should You Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS) 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 Stock Performance

The stock’s 50 day simple moving average is $120.93 and its 200 day simple moving average is $110.32. The firm has a market cap of $734.59 million, a PE ratio of 13.79 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI Israel ETF

Several hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in iShares MSCI Israel ETF by 98.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 991 shares of the company’s stock worth $109,000 after buying an additional 491 shares during the last quarter. Osbon Capital Management LLC bought a new stake in shares of iShares MSCI Israel ETF in the 4th quarter worth approximately $361,000. Corient Private Wealth LLC bought a new stake in shares of iShares MSCI Israel ETF in the 4th quarter worth approximately $356,000. Sunbelt Securities Inc. bought a new position in shares of iShares MSCI Israel ETF during the 4th quarter valued at $339,000. Finally, Beacon Pointe Advisors LLC grew its holdings in shares of iShares MSCI Israel ETF by 97.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,468 shares of the company’s stock valued at $712,000 after purchasing an additional 3,189 shares during 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.