iShares MSCI Israel ETF (NYSEARCA:EIS) Sets New 12-Month High – Still a Buy?

Shares of iShares MSCI Israel ETF (NYSEARCA:EIS) hit a new 52-week high on Tuesday . The company traded as high as $137.06 and last traded at $136.93, with a volume of 27768 shares trading hands. The stock had previously closed at $133.83.

iShares MSCI Israel ETF Price Performance

The business has a 50-day moving average of $125.91 and a two-hundred day moving average of $118.35. The company has a market cap of $1.03 billion, a P/E ratio of 13.79 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI Israel ETF

A number of institutional investors have recently added to or reduced their stakes in EIS. Royal Bank of Canada boosted its position in iShares MSCI Israel ETF by 55.1% during the first quarter. Royal Bank of Canada now owns 17,203 shares of the company’s stock valued at $1,278,000 after purchasing an additional 6,115 shares in the last quarter. Jane Street Group LLC bought a new stake in iShares MSCI Israel ETF during the first quarter valued at about $5,684,000. Raymond James Financial Inc. boosted its position in iShares MSCI Israel ETF by 36.9% during the second quarter. Raymond James Financial Inc. now owns 11,410 shares of the company’s stock valued at $1,083,000 after purchasing an additional 3,078 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in iShares MSCI Israel ETF during the second quarter valued at about $276,000. Finally, MML Investors Services LLC boosted its position in iShares MSCI Israel ETF by 33.6% during the second quarter. MML Investors Services LLC now owns 8,170 shares of the company’s stock valued at $775,000 after purchasing an additional 2,055 shares in the last quarter.

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.