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

Shares of iShares MSCI South Africa ETF (NYSEARCA:EZA) reached a new 52-week high on Monday . The stock traded as high as $70.57 and last traded at $70.5080, with a volume of 135557 shares changing hands. The stock had previously closed at $69.40.

iShares MSCI South Africa ETF Stock Performance

The company has a 50-day moving average of $67.28 and a 200 day moving average of $61.72. The firm has a market cap of $607.33 million, a P/E ratio of 14.34 and a beta of 0.78.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new stake in iShares MSCI South Africa ETF in the 1st quarter valued at about $12,032,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 147,200 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of iShares MSCI South Africa ETF during the second quarter valued at approximately $5,138,000. SG Americas Securities LLC increased its holdings in shares of iShares MSCI South Africa ETF by 386.7% in the third 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. Finally, Innealta Capital LLC increased its holdings 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 valued at $1,391,000 after purchasing an additional 12,608 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). 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.