iShares MSCI South Africa ETF (NYSEARCA:EZA) Sets New 1-Year High – Here’s What Happened

Shares of iShares MSCI South Africa ETF (NYSEARCA:EZA) hit a new 52-week high during trading on Thursday . The company traded as high as $69.48 and last traded at $69.6750, with a volume of 180312 shares traded. The stock had previously closed at $68.18.

iShares MSCI South Africa ETF Stock Down 1.3%

The firm has a market cap of $542.18 million, a price-to-earnings ratio of 14.34 and a beta of 0.78. The company’s fifty day moving average is $65.84 and its 200 day moving average is $59.65.

Institutional Trading of iShares MSCI South Africa ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position 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. Strs Ohio acquired a new stake in shares of iShares MSCI South Africa ETF in the 1st quarter valued at approximately $12,032,000. Ameriprise Financial Inc. acquired a new stake in shares of iShares MSCI South Africa ETF in the 2nd quarter valued at approximately $5,138,000. One Capital Management LLC grew its stake 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 valued at $1,799,000 after buying an additional 260 shares in the last quarter. Finally, SG Americas Securities LLC increased 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 worth $1,752,000 after buying an additional 21,712 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).