iShares MSCI South Africa ETF (NYSEARCA:EZA) Sets New 52-Week High – Time to Buy?

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s share price 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 1.0%

The stock has a fifty day moving average price of $73.97 and a 200-day moving average price of $67.16. The firm has a market cap of $848.64 million, a price-to-earnings ratio of 14.34 and a beta of 0.78.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

A number of large investors have recently modified their holdings of EZA. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI South Africa ETF in the 4th quarter worth approximately $302,000. Barometer Capital Management Inc. acquired a new position in shares of iShares MSCI South Africa ETF during the third quarter worth $320,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares MSCI South Africa ETF by 65.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,141 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 3,631 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of iShares MSCI South Africa ETF in the third quarter valued at $631,000. Finally, Providence First Trust Co purchased a new position in shares of iShares MSCI South Africa ETF in the fourth 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.