iShares MSCI South Africa ETF (NYSEARCA:EZA) Shares Gap Down – Time to Sell?

iShares MSCI South Africa ETF (NYSEARCA:EZA) gapped down before the market opened on Tuesday . The stock had previously closed at $69.61, but opened at $65.87. iShares MSCI South Africa ETF shares last traded at $66.4290, with a volume of 57,211 shares changing hands.

iShares MSCI South Africa ETF Trading Down 5.4%

The stock has a fifty day moving average price of $65.93 and a 200 day moving average price of $59.87. The firm has a market cap of $520.45 million, a price-to-earnings ratio of 14.34 and a beta of 0.78.

Institutional Trading of iShares MSCI South Africa ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. One Capital Management LLC grew its stake in iShares MSCI South Africa ETF by 0.9% in the 3rd quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock valued at $1,799,000 after buying an additional 260 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in iShares MSCI South Africa ETF by 65.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,141 shares of the exchange traded fund’s stock worth $491,000 after acquiring an additional 3,631 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in iShares MSCI South Africa ETF during the third quarter valued at about $320,000. ABC Arbitrage SA acquired a new stake in shares of iShares MSCI South Africa ETF in the third quarter valued at about $631,000. Finally, Innealta Capital LLC increased its stake in shares of iShares MSCI South Africa ETF by 138.7% in the third quarter. Innealta Capital LLC now owns 21,697 shares of the exchange traded fund’s stock worth $1,391,000 after purchasing an additional 12,608 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).