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

Shares of iShares MSCI Israel ETF (NYSEARCA:EIS) saw unusually-strong trading volume on Tuesday . Approximately 120,563 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 139,629 shares.The stock last traded at $119.76 and had previously closed at $121.09.

iShares MSCI Israel ETF Stock Down 1.2%

The company’s fifty day simple moving average is $129.68 and its 200 day simple moving average is $121.85. The firm has a market capitalization of $896.92 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. Creative Planning boosted its position in shares of iShares MSCI Israel ETF by 3.5% during the third quarter. Creative Planning now owns 2,976 shares of the company’s stock valued at $298,000 after purchasing an additional 100 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in iShares MSCI Israel ETF by 41.3% in the first quarter. Princeton Global Asset Management LLC now owns 428 shares of the company’s stock worth $50,000 after purchasing an additional 125 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares MSCI Israel ETF by 5.0% in the third quarter. Ameriprise Financial Inc. now owns 3,061 shares of the company’s stock worth $307,000 after purchasing an additional 147 shares in the last quarter. International Assets Investment Management LLC lifted its position in iShares MSCI Israel ETF by 5.7% during the first quarter. International Assets Investment Management LLC now owns 2,777 shares of the company’s stock valued at $329,000 after buying an additional 150 shares during the period. Finally, Stifel Financial Corp lifted its position in iShares MSCI Israel ETF by 2.4% during the fourth quarter. Stifel Financial Corp now owns 6,603 shares of the company’s stock valued at $727,000 after buying an additional 152 shares during the period.

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.