iShares MSCI South Africa ETF (NYSEARCA:EZA) Hits New 12-Month High – Still a Buy?

iShares MSCI South Africa ETF (NYSEARCA:EZA) reached a new 52-week high on Monday . The company traded as high as $72.81 and last traded at $72.8130, with a volume of 19585 shares changing hands. The stock had previously closed at $70.69.

iShares MSCI South Africa ETF Price Performance

The stock’s 50 day simple moving average is $67.54 and its two-hundred day simple moving average is $62.03. The firm has a market cap of $626.51 million, a P/E ratio of 14.34 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EZA. Strs Ohio purchased a new stake in shares of iShares MSCI South Africa ETF during the first quarter valued at $12,032,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of iShares MSCI South Africa ETF by 65.9% in the second 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 period. Ameriprise Financial Inc. purchased a new position in shares of iShares MSCI South Africa ETF during the second quarter valued at approximately $5,138,000. SG Americas Securities LLC lifted its position in iShares MSCI South Africa ETF by 386.7% during 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 during the period. Finally, Innealta Capital LLC boosted its holdings in 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 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.