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

iShares MSCI South Africa ETF (NYSEARCA:EZA) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $43.74 and traded as high as $46.28. iShares MSCI South Africa ETF shares last traded at $46.06, with a volume of 67,880 shares changing hands.

iShares MSCI South Africa ETF Stock Performance

The stock has a market capitalization of $290.18 million, a price-to-earnings ratio of 9.23 and a beta of 1.16. The business has a 50-day moving average of $43.74 and a 200-day moving average of $46.61.

Institutional Trading of iShares MSCI South Africa ETF

A number of large investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in iShares MSCI South Africa ETF by 16.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,910 shares of the exchange traded fund’s stock valued at $206,000 after acquiring an additional 700 shares during the last quarter. Mount Lucas Management LP raised its stake in iShares MSCI South Africa ETF by 7.7% during the 4th quarter. Mount Lucas Management LP now owns 19,591 shares of the exchange traded fund’s stock valued at $821,000 after acquiring an additional 1,400 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in iShares MSCI South Africa ETF during the 3rd quarter valued at approximately $220,000. Polianta Ltd raised its stake in iShares MSCI South Africa ETF by 3.8% during the 4th quarter. Polianta Ltd now owns 144,000 shares of the exchange traded fund’s stock valued at $6,035,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in iShares MSCI South Africa ETF during the 3rd quarter valued at approximately $434,000.

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).