iShares MSCI South Africa ETF (NYSEARCA:EZA) Sets New 1-Year High – Still a Buy?

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $69.48 and last traded at $69.6750, with a volume of 180312 shares changing hands. The stock had previously closed at $68.18.

iShares MSCI South Africa ETF Stock Up 1.9%

The business has a 50-day moving average price of $65.67 and a two-hundred day moving average price of $59.47. The company has a market capitalization of $549.05 million, a price-to-earnings ratio of 14.34 and a beta of 0.78.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of iShares MSCI South Africa ETF by 20.0% during the third 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 in the last quarter. Strs Ohio bought a new position in iShares MSCI South Africa ETF in the 1st quarter valued at about $12,032,000. Ameriprise Financial Inc. acquired a new position in iShares MSCI South Africa ETF during the 2nd quarter valued at about $5,138,000. One Capital Management LLC increased 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 in the last quarter. Finally, SG Americas Securities LLC increased its holdings 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 worth $1,752,000 after purchasing an additional 21,712 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).