VanEck Israel ETF (NYSEARCA:ISRA) Trading Down 1.6% – Should You Sell?

VanEck Israel ETF (NYSEARCA:ISRAGet Free Report)’s stock price traded down 1.6% during mid-day trading on Thursday . The company traded as low as $65.74 and last traded at $65.82. Approximately 1,979 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 8,174 shares. The stock had previously closed at $66.87.

VanEck Israel ETF Price Performance

The company has a 50 day simple moving average of $64.98 and a 200-day simple moving average of $64.92. The stock has a market capitalization of $156.65 million, a P/E ratio of 14.88 and a beta of 1.02.

Institutional Investors Weigh In On VanEck Israel ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascent Advisors LLC purchased a new position in shares of VanEck Israel ETF in the first quarter worth about $4,949,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck Israel ETF by 8,950.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,183 shares of the company’s stock valued at $2,363,000 after buying an additional 39,739 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of VanEck Israel ETF during the 3rd quarter valued at approximately $988,000. Jane Street Group LLC lifted its stake in shares of VanEck Israel ETF by 203.6% during the 1st quarter. Jane Street Group LLC now owns 21,494 shares of the company’s stock valued at $907,000 after buying an additional 14,415 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in VanEck Israel ETF by 1,095.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,973 shares of the company’s stock worth $547,000 after buying an additional 11,888 shares during the period.

About VanEck Israel ETF

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The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.

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