iShares MSCI Israel ETF (NYSEARCA:EIS) Hits New 12-Month High – Here’s Why

Shares of iShares MSCI Israel ETF (NYSEARCA:EIS) reached a new 52-week high on Tuesday . The company traded as high as $127.20 and last traded at $126.87, with a volume of 9302 shares. The stock had previously closed at $125.06.

iShares MSCI Israel ETF Stock Up 0.1%

The business has a fifty day simple moving average of $121.23 and a two-hundred day simple moving average of $112.62. The company has a market capitalization of $981.29 million, a price-to-earnings ratio of 13.79 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its holdings in shares of iShares MSCI Israel ETF by 98.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 991 shares of the company’s stock worth $109,000 after acquiring an additional 491 shares in the last quarter. Osbon Capital Management LLC bought a new position in iShares MSCI Israel ETF in the 4th quarter worth approximately $361,000. Corient Private Wealth LLC bought a new stake in shares of iShares MSCI Israel ETF during the 4th quarter valued at $356,000. Sunbelt Securities Inc. bought a new stake in shares of iShares MSCI Israel ETF during the 4th quarter valued at $339,000. Finally, Beacon Pointe Advisors LLC raised its position in shares of iShares MSCI Israel ETF by 97.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,468 shares of the company’s stock valued at $712,000 after acquiring an additional 3,189 shares during 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.