VanEck Israel ETF (NYSEARCA:ISRA) Trading Down 2.6% – What’s Next?

VanEck Israel ETF (NYSEARCA:ISRA) fell 2.6% on Monday . The company traded as low as $42.50 and last traded at $42.62. 2,701 shares were traded during trading, a decline of 44% from the average session volume of 4,809 shares. The stock had previously closed at $43.74.

VanEck Israel ETF Trading Down 2.6 %

The stock has a 50-day simple moving average of $45.04 and a two-hundred day simple moving average of $42.01. The firm has a market capitalization of $91.63 million, a P/E ratio of 13.40 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Whitaker Myers Wealth Managers LTD. increased its holdings in shares of VanEck Israel ETF by 11.0% in the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 271,982 shares of the company’s stock valued at $11,846,000 after acquiring an additional 26,875 shares during the period. Partners Capital Investment Group LLP grew its stake in VanEck Israel ETF by 1.2% during the 4th quarter. Partners Capital Investment Group LLP now owns 145,123 shares of the company’s stock worth $6,321,000 after buying an additional 1,716 shares during the last quarter. Team Hewins LLC purchased a new position in VanEck Israel ETF during the 4th quarter worth $358,000. Jane Street Group LLC purchased a new position in VanEck Israel ETF during the 4th quarter worth $308,000. Finally, LPL Financial LLC grew its stake in VanEck Israel ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 5,517 shares of the company’s stock worth $240,000 after buying an additional 281 shares during the last quarter.

About VanEck Israel ETF

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.