iShares MSCI Israel ETF (NYSEARCA:EIS) Sets New 52-Week High – What’s Next?

Shares of iShares MSCI Israel ETF (NYSEARCA:EIS) hit a new 52-week high during trading on Friday . The stock traded as high as $112.72 and last traded at $112.44, with a volume of 11837 shares. The stock had previously closed at $110.03.

iShares MSCI Israel ETF Stock Performance

The stock’s 50-day moving average is $106.13 and its two-hundred day moving average is $98.58. The stock has a market cap of $550.57 million, a PE ratio of 13.79 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI Israel ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Princeton Global Asset Management LLC lifted its stake in 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 acquiring an additional 100 shares in the last quarter. Creative Planning increased its stake in iShares MSCI Israel ETF by 3.5% during the third quarter. Creative Planning now owns 2,976 shares of the company’s stock worth $298,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC lifted its position in shares of iShares MSCI Israel ETF by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 572 shares of the company’s stock worth $57,000 after purchasing an additional 102 shares in the last quarter. Truist Financial Corp lifted its position in shares of iShares MSCI Israel ETF by 3.2% during the third quarter. Truist Financial Corp now owns 3,576 shares of the company’s stock worth $359,000 after purchasing an additional 111 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI Israel ETF by 5.0% in the third quarter. Ameriprise Financial Inc. now owns 3,061 shares of the company’s stock valued at $307,000 after purchasing an additional 147 shares during the period.

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.