iShares MSCI South Africa ETF (NYSEARCA:EZA) Reaches New 1-Year High – Here’s What Happened

Shares of iShares MSCI South Africa ETF (NYSEARCA:EZA) reached a new 52-week high during trading on Monday . The company traded as high as $70.57 and last traded at $70.5080, with a volume of 135557 shares traded. The stock had previously closed at $69.40.

iShares MSCI South Africa ETF Price Performance

The company’s 50-day moving average price is $66.88 and its two-hundred day moving average price is $61.37. The company has a market capitalization of $597.04 million, a P/E ratio of 14.34 and a beta of 0.78.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Several hedge funds have recently bought and sold shares of EZA. JPMorgan Chase & Co. grew its position in shares of iShares MSCI South Africa ETF by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 883,389 shares of the exchange traded fund’s stock valued at $56,625,000 after purchasing an additional 147,200 shares during the last quarter. One Capital Management LLC lifted its holdings 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 worth $1,799,000 after purchasing an additional 260 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in iShares MSCI South Africa ETF in the 3rd quarter valued at $320,000. ABC Arbitrage SA acquired a new position in iShares MSCI South Africa ETF in the 3rd quarter valued at $631,000. Finally, Innealta Capital LLC grew its holdings in iShares MSCI South Africa ETF by 138.7% in the 3rd quarter. Innealta Capital LLC now owns 21,697 shares of the exchange traded fund’s stock valued at $1,391,000 after buying 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.