iShares MSCI Israel ETF (NYSEARCA:EIS) Reaches New 1-Year High – Should You Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS) shares reached a new 52-week high during trading on Monday . The company traded as high as $112.00 and last traded at $111.87, with a volume of 28179 shares changing hands. The stock had previously closed at $111.19.

iShares MSCI Israel ETF Price Performance

The company has a market cap of $548.07 million, a price-to-earnings ratio of 13.79 and a beta of 1.03. The firm has a 50 day simple moving average of $104.01 and a 200-day simple moving average of $97.13.

Hedge Funds Weigh In On iShares MSCI Israel ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd acquired a new position in iShares MSCI Israel ETF in the second quarter valued at $1,139,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares MSCI Israel ETF by 25.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,033 shares of the company’s stock worth $585,000 after acquiring an additional 1,234 shares during the period. Bernard Wealth Management Corp. increased its position in shares of iShares MSCI Israel ETF by 30.0% in the second quarter. Bernard Wealth Management Corp. now owns 1,599 shares of the company’s stock valued at $152,000 after buying an additional 369 shares in the last quarter. Allworth Financial LP raised its stake in shares of iShares MSCI Israel ETF by 133.0% during the 2nd quarter. Allworth Financial LP now owns 953 shares of the company’s stock worth $90,000 after buying an additional 544 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in iShares MSCI Israel ETF during the 2nd quarter valued at $268,000.

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.