iShares MSCI Israel ETF (NYSEARCA:EIS) Sees Large Volume Increase – Still a Buy?

Shares of iShares MSCI Israel ETF (NYSEARCA:EIS) saw unusually-strong trading volume on Wednesday . Approximately 150,493 shares traded hands during trading, an increase of 159% from the previous session’s volume of 58,215 shares.The stock last traded at $102.4390 and had previously closed at $103.04.

iShares MSCI Israel ETF Price Performance

The business has a 50 day moving average of $99.90 and a 200 day moving average of $93.34. The company has a market cap of $502.81 million, a PE ratio of 13.79 and a beta of 1.03.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in shares of iShares MSCI Israel ETF in the 3rd quarter valued at approximately $25,000. Princeton Global Asset Management LLC raised its holdings in 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 worth $30,000 after purchasing an additional 100 shares in the last quarter. Triumph Capital Management bought a new position in iShares MSCI Israel ETF in the third quarter worth $37,000. AlphaCore Capital LLC purchased a new position in iShares MSCI Israel ETF during the third quarter valued at $40,000. Finally, Cloud Capital Management LLC purchased a new position in iShares MSCI Israel ETF during the third quarter valued at $52,000.

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.