iShares MSCI South Africa ETF (NYSEARCA:EZA) Hits New 12-Month High – What’s Next?

iShares MSCI South Africa ETF (NYSEARCA:EZA) reached a new 52-week high on Friday . The company traded as high as $81.47 and last traded at $81.63, with a volume of 88488 shares traded. The stock had previously closed at $80.76.

iShares MSCI South Africa ETF Stock Up 1.1%

The business has a 50-day moving average of $73.69 and a 200-day moving average of $66.91. The stock has a market cap of $849.33 million, a price-to-earnings ratio of 14.34 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in iShares MSCI South Africa ETF in the fourth quarter valued at approximately $302,000. Barometer Capital Management Inc. acquired a new position in shares of iShares MSCI South Africa ETF during the 3rd quarter worth $320,000. Sumitomo Mitsui Trust Group Inc. raised its holdings 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 purchasing an additional 3,631 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of iShares MSCI South Africa ETF during the 3rd quarter valued at $631,000. Finally, Providence First Trust Co acquired a new stake in shares of iShares MSCI South Africa ETF in the 4th quarter valued at $908,000.

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.