iShares MSCI South Africa ETF (NYSEARCA:EZA) Stock Price Cross Above 50-Day Moving Average – Here’s Why

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $44.26 and traded as high as $46.18. iShares MSCI South Africa ETF shares last traded at $46.05, with a volume of 240,131 shares.

iShares MSCI South Africa ETF Stock Up 1.4 %

The stock has a market cap of $290.12 million, a price-to-earnings ratio of 9.23 and a beta of 1.16. The stock’s fifty day moving average is $44.26 and its 200-day moving average is $46.42.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Several institutional investors and hedge funds have recently made changes to their positions in EZA. Innealta Capital LLC bought a new stake in iShares MSCI South Africa ETF during the 3rd quarter worth approximately $1,174,000. Janney Montgomery Scott LLC acquired a new position in shares of iShares MSCI South Africa ETF in the third quarter valued at approximately $985,000. SBI Securities Co. Ltd. bought a new stake in shares of iShares MSCI South Africa ETF during the fourth quarter worth $402,000. Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI South Africa ETF during the third quarter worth $434,000. Finally, Polianta Ltd raised its holdings in shares of iShares MSCI South Africa ETF by 3.8% during the fourth quarter. Polianta Ltd now owns 144,000 shares of the exchange traded fund’s stock worth $6,035,000 after acquiring an additional 5,300 shares during the period.

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).