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

iShares MSCI Israel ETF (NYSEARCA:EIS)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $120.17 and last traded at $120.0510, with a volume of 11033 shares changing hands. The stock had previously closed at $118.78.

iShares MSCI Israel ETF Price Performance

The firm’s fifty day simple moving average is $110.63 and its 200 day simple moving average is $101.51. The company has a market capitalization of $728.12 million, a price-to-earnings ratio of 13.79 and a beta of 1.03.

Institutional Trading of iShares MSCI Israel ETF

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of iShares MSCI Israel ETF by 55.1% during the 1st quarter. Royal Bank of Canada now owns 17,203 shares of the company’s stock worth $1,278,000 after purchasing an additional 6,115 shares in the last quarter. Jane Street Group LLC bought a new position in shares of iShares MSCI Israel ETF in the first quarter valued at approximately $5,684,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares MSCI Israel ETF by 25.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,033 shares of the company’s stock worth $585,000 after buying an additional 1,234 shares during the last quarter. Bernard Wealth Management Corp. boosted its holdings in shares of iShares MSCI Israel ETF by 30.0% during the 2nd quarter. Bernard Wealth Management Corp. now owns 1,599 shares of the company’s stock worth $152,000 after buying an additional 369 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in iShares MSCI Israel ETF in 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.