iShares MSCI New Zealand ETF (NASDAQ:ENZL) Trading 0.3% Higher – Time to Buy?

iShares MSCI New Zealand ETF (NASDAQ:ENZL)’s share price shot up 0.3% during trading on Wednesday . The stock traded as high as $47.02 and last traded at $46.76. 146,670 shares changed hands during mid-day trading, an increase of 218% from the average daily volume of 46,069 shares. The stock had previously closed at $46.60.

iShares MSCI New Zealand ETF Stock Up 0.3%

The stock has a market capitalization of $67.80 million, a PE ratio of 41.58 and a beta of 0.89. The stock’s 50 day moving average price is $45.29 and its 200-day moving average price is $45.31.

iShares MSCI New Zealand ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.4368 dividend. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Abound Financial LLC bought a new position in shares of iShares MSCI New Zealand ETF during the fourth quarter valued at approximately $53,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in iShares MSCI New Zealand ETF in the first quarter worth approximately $85,000. Sunpointe LLC bought a new position in iShares MSCI New Zealand ETF in the fourth quarter worth approximately $212,000. Royal Bank of Canada lifted its holdings in iShares MSCI New Zealand ETF by 15.3% during the first quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock worth $212,000 after buying an additional 662 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in iShares MSCI New Zealand ETF during the fourth quarter worth $283,000.

About iShares MSCI New Zealand ETF

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.