Morgan Stanley reduced its stake in iShares MSCI Israel ETF (NYSEARCA:EIS) by 43.4% during the third quarter, Holdings Channel reports. The institutional investor owned 73,628 shares of the company’s stock after selling 56,422 shares during the period. Morgan Stanley’s holdings in iShares MSCI Israel ETF were worth $4,125,000 as of its most recent filing with the SEC.
Separately, Cambridge Investment Research Advisors Inc. purchased a new position in shares of iShares MSCI Israel ETF in the 3rd quarter worth about $468,000.
Shares of NYSEARCA:EIS opened at $54.33 on Friday. iShares MSCI Israel ETF has a fifty-two week low of $46.47 and a fifty-two week high of $58.39.
Separately, Wells Fargo & Co downgraded shares of iShares MSCI Israel ETF from an “outperform” rating to a “market perform” rating in a report on Monday, February 11th.
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