iShares MSCI South Africa ETF (NYSEARCA:EZA) Hits New 1-Year High – Should You Buy?

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $78.93 and last traded at $77.38, with a volume of 284384 shares traded. The stock had previously closed at $76.34.

iShares MSCI South Africa ETF Stock Performance

The firm has a fifty day simple moving average of $69.99 and a two-hundred day simple moving average of $63.89. The firm has a market cap of $777.36 million, a PE ratio of 14.34 and a beta of 0.78.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Hedge funds have recently bought and sold shares of the business. One Capital Management LLC lifted its position in iShares MSCI South Africa ETF by 0.9% during the third 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 last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of iShares MSCI South Africa ETF by 65.9% during the 2nd 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 in the last quarter. Barometer Capital Management Inc. bought a new position in shares of iShares MSCI South Africa ETF in the 3rd quarter valued at about $320,000. ABC Arbitrage SA purchased a new position in iShares MSCI South Africa ETF in the third quarter worth about $631,000. Finally, Innealta Capital LLC grew its position in 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 acquiring an additional 12,608 shares in the last quarter.

iShares MSCI South Africa ETF Company Profile

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.