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

iShares MSCI Israel ETF (NYSEARCA:EIS) reached a new 52-week high during trading on Wednesday . The company traded as high as $118.70 and last traded at $118.52, with a volume of 36168 shares changing hands. The stock had previously closed at $117.67.

iShares MSCI Israel ETF Price Performance

The company’s 50 day simple moving average is $108.46 and its two-hundred day simple moving average is $100.24. The company has a market cap of $685.62 million, a PE ratio of 13.79 and a beta of 1.03.

Hedge Funds Weigh In On iShares MSCI Israel ETF

Institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in iShares MSCI Israel ETF during the third quarter worth about $25,000. Princeton Global Asset Management LLC grew its holdings in shares of iShares MSCI Israel ETF by 49.8% in the third quarter. Princeton Global Asset Management LLC now owns 301 shares of the company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Triumph Capital Management purchased a new stake in iShares MSCI Israel ETF during the 3rd quarter worth approximately $37,000. AlphaCore Capital LLC acquired a new stake in iShares MSCI Israel ETF during the 3rd quarter worth approximately $40,000. Finally, Cloud Capital Management LLC acquired a new stake in iShares MSCI Israel ETF during the 3rd quarter worth approximately $52,000.

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.