iShares MSCI South Africa ETF (NYSEARCA:EZA) Hits New 1-Year High – Time to Buy?

iShares MSCI South Africa ETF (NYSEARCA:EZA) shares hit a new 52-week high on Wednesday . The stock traded as high as $74.69 and last traded at $73.8950, with a volume of 98649 shares changing hands. The stock had previously closed at $73.44.

iShares MSCI South Africa ETF Stock Up 0.3%

The firm has a market capitalization of $670.24 million, a PE ratio of 14.34 and a beta of 0.78. The company has a 50-day moving average of $68.78 and a 200 day moving average of $62.98.

Institutional Trading of iShares MSCI South Africa ETF

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in iShares MSCI South Africa ETF by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 883,389 shares of the exchange traded fund’s stock worth $56,625,000 after acquiring an additional 147,200 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in iShares MSCI South Africa ETF in the second quarter worth $5,138,000. SG Americas Securities LLC increased its stake in 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 valued at $1,752,000 after purchasing an additional 21,712 shares in the last quarter. Innealta Capital LLC raised 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 worth $1,391,000 after acquiring an additional 12,608 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in shares of iShares MSCI South Africa ETF during the third quarter valued at $631,000.

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.