iShares MSCI South Africa ETF (NYSEARCA:EZA) Shares Cross Above 50 Day Moving Average – Here’s Why

iShares MSCI South Africa ETF (NYSEARCA:EZA) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $50.84 and traded as high as $52.20. iShares MSCI South Africa ETF shares last traded at $51.73, with a volume of 73,858 shares.

iShares MSCI South Africa ETF Price Performance

The stock’s fifty day simple moving average is $50.84 and its 200-day simple moving average is $47.04. The firm has a market cap of $387.98 million, a PE ratio of 13.05 and a beta of 0.74.

Institutional Trading of iShares MSCI South Africa ETF

Hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of iShares MSCI South Africa ETF during the first quarter worth $12,032,000. OLD Mission Capital LLC purchased a new position in shares of iShares MSCI South Africa ETF during the fourth quarter worth about $1,411,000. SBI Securities Co. Ltd. purchased a new position in shares of iShares MSCI South Africa ETF during the fourth quarter worth about $402,000. Polianta Ltd lifted its position in iShares MSCI South Africa ETF by 6.3% in the first quarter. Polianta Ltd now owns 153,100 shares of the exchange traded fund’s stock valued at $7,368,000 after purchasing an additional 9,100 shares during the period. Finally, Mount Lucas Management LP lifted its position in iShares MSCI South Africa ETF by 7.7% in the fourth quarter. Mount Lucas Management LP now owns 19,591 shares of the exchange traded fund’s stock valued at $821,000 after purchasing an additional 1,400 shares during the period.

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).