VanEck Israel ETF (NYSEARCA:ISRA) Shares Down 2.4% – Time to Sell?

VanEck Israel ETF (NYSEARCA:ISRA) was down 2.4% during trading on Wednesday . The stock traded as low as $43.44 and last traded at $43.49. Approximately 4,578 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 4,183 shares. The stock had previously closed at $44.57.

VanEck Israel ETF Trading Down 2.4 %

The firm’s fifty day moving average is $41.43 and its 200 day moving average is $38.60. The company has a market cap of $84.81 million, a PE ratio of 8.54 and a beta of 1.12.

Institutional Investors Weigh In On VanEck Israel ETF

A hedge fund recently raised its stake in VanEck Israel ETF stock. Whitaker Myers Wealth Managers LTD. increased its stake in shares of VanEck Israel ETF (NYSEARCA:ISRA) by 16.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225,737 shares of the company’s stock after buying an additional 31,405 shares during the quarter. VanEck Israel ETF comprises 3.0% of Whitaker Myers Wealth Managers LTD.’s holdings, making the stock its 11th largest position. Whitaker Myers Wealth Managers LTD. owned 11.58% of VanEck Israel ETF worth $8,105,000 as of its most recent filing with the SEC.

VanEck Israel ETF Company Profile

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.