iShares MSCI New Zealand ETF (NASDAQ:ENZL) Trading Down 1.2% – Here’s What Happened

iShares MSCI New Zealand ETF (NASDAQ:ENZLGet Free Report)’s share price fell 1.2% during trading on Wednesday . The stock traded as low as $46.79 and last traded at $46.86. 225,020 shares traded hands during trading, an increase of 299% from the average session volume of 56,388 shares. The stock had previously closed at $47.44.

iShares MSCI New Zealand ETF Stock Down 1.2%

The business has a 50-day simple moving average of $45.89 and a two-hundred day simple moving average of $45.43. The company has a market cap of $82.00 million, a price-to-earnings ratio of 41.58 and a beta of 0.89.

iShares MSCI New Zealand ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.4368 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI New Zealand ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Abound Financial LLC bought a new stake in iShares MSCI New Zealand ETF during the fourth quarter worth approximately $53,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in iShares MSCI New Zealand ETF during the first quarter valued at approximately $85,000. Sunpointe LLC bought a new position in shares of iShares MSCI New Zealand ETF in the fourth quarter valued at approximately $212,000. Royal Bank of Canada raised its position in shares of iShares MSCI New Zealand ETF by 15.3% in the first quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock valued at $212,000 after purchasing an additional 662 shares during the period. Finally, AlphaCore Capital LLC bought a new position in shares of iShares MSCI New Zealand ETF in the fourth quarter valued at approximately $283,000.

iShares MSCI New Zealand ETF Company Profile

(Get Free Report)

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.

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