iShares MSCI South Africa ETF (NYSEARCA:EZA) Sets New 52-Week High – Still a Buy?

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s share price hit a new 52-week high on Wednesday . The company 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 Performance

The business’s 50-day simple moving average is $68.78 and its 200 day simple moving average is $62.98. The firm has a market cap of $670.24 million, a P/E ratio of 14.34 and a beta of 0.78.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted 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 valued at $491,000 after acquiring an additional 3,631 shares in the last quarter. SG Americas Securities LLC grew its holdings in iShares MSCI South Africa ETF by 386.7% during the 3rd 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. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI South Africa ETF by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 883,389 shares of the exchange traded fund’s stock worth $56,625,000 after buying an additional 147,200 shares in the last quarter. One Capital Management LLC grew its stake in iShares MSCI South Africa ETF by 0.9% during 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 acquiring an additional 260 shares in the last quarter. Finally, 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.

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.