iShares MSCI South Africa ETF (NYSEARCA:EZA) Reaches New 12-Month High – Here’s Why

Shares of iShares MSCI South Africa ETF (NYSEARCA:EZA) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $70.46 and last traded at $69.87, with a volume of 8991 shares trading hands. The stock had previously closed at $69.92.

iShares MSCI South Africa ETF Stock Up 0.2%

The stock has a fifty day moving average of $66.35 and a 200-day moving average of $60.61. The stock has a market cap of $553.63 million, a PE ratio of 14.34 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. One Capital Management LLC raised its stake in iShares MSCI South Africa ETF by 0.9% during the 3rd quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock valued at $1,799,000 after purchasing an additional 260 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares MSCI South Africa ETF by 65.9% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,141 shares of the exchange traded fund’s stock valued at $491,000 after buying an additional 3,631 shares during the period. Barometer Capital Management Inc. bought a new position in shares of iShares MSCI South Africa ETF during the third quarter valued at about $320,000. ABC Arbitrage SA bought a new position in shares of iShares MSCI South Africa ETF in the third quarter worth $631,000. Finally, Innealta Capital LLC grew its stake in shares of iShares MSCI South Africa ETF by 138.7% in the third quarter. Innealta Capital LLC now owns 21,697 shares of the exchange traded fund’s stock worth $1,391,000 after purchasing an additional 12,608 shares during the last quarter.

About iShares MSCI South Africa ETF

iShares MSCI South Africa ETF, formerly iShares MSCI South Africa Index Fund (the Fund), is an exchange traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the South African market, as measured by the MSCI South Africa Index (the Index). The Index seeks to measure the performance of the South African equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.