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

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

iShares MSCI South Africa ETF Trading Up 0.6%

The company’s 50-day moving average is $66.45 and its 200 day moving average is $60.76. The stock has a market capitalization of $555.45 million, a PE ratio of 14.34 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

A number of institutional investors have recently bought and sold shares of the company. Barometer Capital Management Inc. purchased a new stake in shares of iShares MSCI South Africa ETF during the 3rd quarter valued at approximately $320,000. Sumitomo Mitsui Trust Group Inc. raised its position in 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 purchasing an additional 3,631 shares during the period. ABC Arbitrage SA acquired a new position in shares of iShares MSCI South Africa ETF in the 3rd quarter valued at $631,000. Innealta Capital LLC lifted its stake in shares of 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 purchasing an additional 12,608 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of iShares MSCI South Africa ETF by 386.7% during the 3rd quarter. SG Americas Securities LLC now owns 27,327 shares of the exchange traded fund’s stock worth $1,752,000 after purchasing an additional 21,712 shares during the period.

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.