iShares MSCI South Africa ETF (NYSEARCA:EZA) Stock Cross Above Fifty Day Moving Average – Here’s Why

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $70.88 and traded as high as $75.78. iShares MSCI South Africa ETF shares last traded at $73.98, with a volume of 1,187,838 shares changing hands.

iShares MSCI South Africa ETF Price Performance

The stock has a market cap of $769.39 million, a P/E ratio of 14.34 and a beta of 0.78. The stock’s fifty day simple moving average is $70.88 and its 200-day simple moving average is $64.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EZA. Barometer Capital Management Inc. bought a new position in shares of iShares MSCI South Africa ETF during the 3rd quarter valued at about $320,000. Sumitomo Mitsui Trust Group Inc. boosted its position 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 buying an additional 3,631 shares during the period. ABC Arbitrage SA purchased a new stake in iShares MSCI South Africa ETF in the 3rd quarter worth about $631,000. Providence First Trust Co purchased a new position in iShares MSCI South Africa ETF during the 4th quarter valued at about $908,000. Finally, Innealta Capital LLC grew its stake in iShares MSCI South Africa ETF by 138.7% during the 3rd quarter. Innealta Capital LLC now owns 21,697 shares of the exchange traded fund’s stock valued at $1,391,000 after acquiring 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.