VanEck Israel ETF (NYSEARCA:ISRA) Trading Down 1.1% – Here’s Why

VanEck Israel ETF (NYSEARCA:ISRA)’s share price dropped 1.1% on Thursday . The stock traded as low as $65.50 and last traded at $65.84. Approximately 3,002 shares changed hands during trading, a decline of 62% from the average daily volume of 7,804 shares. The stock had previously closed at $66.58.

VanEck Israel ETF Stock Down 1.1%

The company has a market capitalization of $156.70 million, a price-to-earnings ratio of 14.88 and a beta of 1.02. The stock has a fifty day moving average price of $65.85 and a two-hundred day moving average price of $65.27.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Ascent Advisors LLC purchased a new stake in VanEck Israel ETF in the 1st quarter worth approximately $4,949,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck Israel ETF by 8,950.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,183 shares of the company’s stock worth $2,363,000 after purchasing an additional 39,739 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of VanEck Israel ETF during the 3rd quarter worth $988,000. Jane Street Group LLC boosted its holdings in shares of VanEck Israel ETF by 203.6% during the first quarter. Jane Street Group LLC now owns 21,494 shares of the company’s stock worth $907,000 after purchasing an additional 14,415 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of VanEck Israel ETF by 1,095.7% during the first quarter. Jones Financial Companies Lllp now owns 12,973 shares of the company’s stock worth $547,000 after purchasing an additional 11,888 shares during the last quarter.

About VanEck Israel ETF

The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.