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

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s share price hit a new 52-week high on Friday . The company traded as high as $70.46 and last traded at $69.87, with a volume of 8991 shares traded. The stock had previously closed at $69.92.

iShares MSCI South Africa ETF Price Performance

The stock has a market capitalization of $553.63 million, a PE ratio of 14.34 and a beta of 0.78. The stock has a 50 day moving average of $66.35 and a two-hundred day moving average of $60.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in iShares MSCI South Africa ETF in the first quarter valued at approximately $12,032,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares MSCI South Africa ETF by 65.9% during 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. Ameriprise Financial Inc. bought a new stake in iShares MSCI South Africa ETF during the 2nd quarter valued at $5,138,000. SG Americas Securities LLC grew its holdings 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 increased its position 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 worth $1,391,000 after purchasing an additional 12,608 shares during the last quarter.

About iShares MSCI South Africa ETF

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.