iShares MSCI Israel ETF (NYSEARCA:EIS) Shares Gap Down – Time to Sell?

iShares MSCI Israel ETF (NYSEARCA:EIS)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $124.34, but opened at $118.00. iShares MSCI Israel ETF shares last traded at $118.1740, with a volume of 26,388 shares changing hands.

iShares MSCI Israel ETF Stock Performance

The company’s fifty day moving average is $122.25 and its 200-day moving average is $123.08. The company has a market capitalization of $855.27 million, a PE ratio of 13.79 and a beta of 1.07.

Hedge Funds Weigh In On iShares MSCI Israel ETF

Institutional investors have recently added to or reduced their stakes in the company. Nadler Financial Group Inc. purchased a new stake in shares of iShares MSCI Israel ETF in the 3rd quarter valued at $491,000. IFP Advisors Inc increased its stake in shares of iShares MSCI Israel ETF by 81.3% in the third quarter. IFP Advisors Inc now owns 5,833 shares of the company’s stock worth $708,000 after acquiring an additional 2,616 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of iShares MSCI Israel ETF during the third quarter worth $255,000. Activest Wealth Management raised its holdings in shares of iShares MSCI Israel ETF by 27.2% during the third quarter. Activest Wealth Management now owns 795 shares of the company’s stock worth $96,000 after purchasing an additional 170 shares during the last quarter. Finally, Trust Co. of Oklahoma purchased a new position in shares of iShares MSCI Israel ETF during the third quarter worth $611,000.

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.