VanEck Israel ETF (NYSEARCA:ISRA) Shares Down 0.9% – Here’s What Happened

Shares of VanEck Israel ETF (NYSEARCA:ISRA) dropped 0.9% during trading on Monday . The company traded as low as $63.00 and last traded at $63.81. Approximately 13,387 shares traded hands during trading, an increase of 7% from the average daily volume of 12,473 shares. The stock had previously closed at $64.36.

VanEck Israel ETF Stock Down 0.9%

The stock has a fifty day moving average of $62.86 and a two-hundred day moving average of $57.99. The stock has a market cap of $135.28 million, a price-to-earnings ratio of 14.88 and a beta of 1.01.

Hedge Funds Weigh In On VanEck Israel ETF

Several hedge funds and other institutional investors have recently modified their holdings of ISRA. IFP Advisors Inc increased its position in VanEck Israel ETF by 241.9% during the 4th quarter. IFP Advisors Inc now owns 653 shares of the company’s stock worth $38,000 after purchasing an additional 462 shares in the last quarter. Farther Finance Advisors LLC lifted its position in VanEck Israel ETF by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock valued at $66,000 after buying an additional 187 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in VanEck Israel ETF during the fourth quarter valued at approximately $75,000. Mark Sheptoff Financial Planning LLC purchased a new stake in VanEck Israel ETF during the fourth quarter worth approximately $76,000. Finally, Jones Financial Companies Lllp grew its stake in VanEck Israel ETF by 56.1% during the third quarter. Jones Financial Companies Lllp now owns 1,975 shares of the company’s stock worth $104,000 after buying an additional 710 shares during the period.

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.