iShares MSCI South Africa ETF (NYSEARCA:EZA) Hits New 1-Year High – Here’s Why

iShares MSCI South Africa ETF (NYSEARCA:EZA) shares reached a new 52-week high on Friday . The company traded as high as $81.47 and last traded at $81.63, with a volume of 88488 shares. The stock had previously closed at $80.76.

iShares MSCI South Africa ETF Stock Performance

The company has a market cap of $849.33 million, a P/E ratio of 14.34 and a beta of 0.78. The stock has a 50 day moving average price of $73.69 and a 200 day moving average price of $66.91.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Large investors have recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in iShares MSCI South Africa ETF during the fourth quarter worth approximately $302,000. Barometer Capital Management Inc. acquired a new stake in shares of iShares MSCI South Africa ETF during the 3rd quarter valued at $320,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of 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 in the last quarter. ABC Arbitrage SA bought a new stake in shares of iShares MSCI South Africa ETF during the 3rd quarter worth $631,000. Finally, Providence First Trust Co acquired a new stake in shares of iShares MSCI South Africa ETF during the fourth quarter worth $908,000.

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.