iShares MSCI Israel ETF (NYSEARCA:EIS) Sets New 52-Week High – Should You Buy?

iShares MSCI Israel ETF (NYSEARCA:EIS)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $104.45 and last traded at $104.45, with a volume of 6523 shares trading hands. The stock had previously closed at $102.87.

iShares MSCI Israel ETF Trading Up 1.9%

The company’s 50 day moving average is $98.46 and its 200 day moving average is $92.01. The company has a market cap of $513.81 million, a PE ratio of 13.79 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI Israel ETF

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in iShares MSCI Israel ETF by 25.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,033 shares of the company’s stock worth $585,000 after acquiring an additional 1,234 shares during the period. Cetera Investment Advisers raised its stake in shares of iShares MSCI Israel ETF by 33.9% in the 1st quarter. Cetera Investment Advisers now owns 7,222 shares of the company’s stock valued at $537,000 after purchasing an additional 1,827 shares in the last quarter. Bernard Wealth Management Corp. grew its holdings in shares of iShares MSCI Israel ETF by 30.0% during the second quarter. Bernard Wealth Management Corp. now owns 1,599 shares of the company’s stock valued at $152,000 after purchasing an additional 369 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of iShares MSCI Israel ETF by 42.6% during the first quarter. Wealthfront Advisers LLC now owns 5,246 shares of the company’s stock valued at $390,000 after purchasing an additional 1,568 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of iShares MSCI Israel ETF by 38.2% in the first quarter. National Bank of Canada FI now owns 898 shares of the company’s stock valued at $67,000 after buying an additional 248 shares in the last quarter.

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.