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

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s share price 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 0.2%

The firm has a market capitalization of $688.90 million, a P/E ratio of 14.34 and a beta of 0.78. The business’s 50 day moving average is $69.05 and its two-hundred day moving average is $63.14.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in 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 valued at $56,625,000 after purchasing an additional 147,200 shares during the last quarter. Trium Capital LLP acquired a new stake in shares of iShares MSCI South Africa ETF during the fourth quarter worth $6,578,000. Ameriprise Financial Inc. acquired a new position in shares of iShares MSCI South Africa ETF in the 2nd quarter valued at $5,138,000. One Capital Management LLC boosted its position in shares of iShares MSCI South Africa ETF by 0.9% in the third quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock worth $1,799,000 after buying an additional 260 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of 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 buying 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). 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.