iShares MSCI South Africa ETF (NYSEARCA:EZA) Share Price Cross Above Fifty Day Moving Average – Should You Sell?

iShares MSCI South Africa ETF (NYSEARCA:EZA) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $66.22 and traded as high as $69.54. iShares MSCI South Africa ETF shares last traded at $69.54, with a volume of 122,006 shares changing hands.

iShares MSCI South Africa ETF Stock Up 0.5%

The company’s fifty day moving average price is $66.30 and its 200 day moving average price is $60.54. The company has a market capitalization of $552.37 million, a P/E ratio of 14.34 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of iShares MSCI South Africa ETF during the 1st quarter worth $12,032,000. JPMorgan Chase & Co. grew its position in 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 valued at $56,625,000 after acquiring an additional 147,200 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of iShares MSCI South Africa ETF during the second quarter valued at $5,138,000. SG Americas Securities LLC lifted its holdings in shares of 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 purchasing an additional 21,712 shares during the period. Finally, Innealta Capital LLC grew its stake 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.

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.