iShares MSCI Israel ETF (NYSEARCA:EIS) Trading Up 0.3% – Here’s Why

by · The Markets Daily

Shares of iShares MSCI Israel ETF (NYSEARCA:EIS – Get Free Report) shot up 0.3% on Monday . The company traded as high as $120.20 and last traded at $119.65. 59,000 shares changed hands during trading, a decline of 54% from the average session volume of 127,768 shares. The stock had previously closed at $119.35.

iShares MSCI Israel ETF Price Performance

The stock has a 50 day simple moving average of $123.20 and a 200-day simple moving average of $123.55. The firm has a market cap of $891.39 million, a PE ratio of 13.79 and a beta of 1.05.

Hedge Funds Weigh In On iShares MSCI Israel ETF

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in iShares MSCI Israel ETF by 98.4% in the fourth quarter. HighTower Advisors LLC now owns 28,662 shares of the company’s stock worth $3,154,000 after buying an additional 14,213 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of iShares MSCI Israel ETF during the fourth quarter valued at approximately $806,000. Legacy Capital Group California Inc. bought a new stake in shares of iShares MSCI Israel ETF during the fourth quarter valued at approximately $1,284,000. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares MSCI Israel ETF by 146,250.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 600,035 shares of the company’s stock valued at $66,022,000 after acquiring an additional 599,625 shares in the last quarter. Finally, WMG Financial Advisors LLC purchased a new position in iShares MSCI Israel ETF in the 4th quarter worth approximately $1,278,000.

iShares MSCI Israel ETF Company Profile

(Get Free Report)

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.

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