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

iShares MSCI New Zealand ETF (NASDAQ:ENZLGet Free Report) shares fell 1.2% during mid-day trading on Wednesday . The company traded as low as $46.79 and last traded at $46.86. 225,020 shares changed 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 Trading Down 1.2%

The firm 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 capitalization 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 company also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.4368 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

Hedge funds have recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in iShares MSCI New Zealand ETF in the fourth quarter valued at approximately $53,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of iShares MSCI New Zealand ETF during the 1st quarter worth $85,000. Sunpointe LLC acquired a new position in shares of iShares MSCI New Zealand ETF during the 4th quarter worth $212,000. Royal Bank of Canada raised its holdings in shares of iShares MSCI New Zealand ETF by 15.3% during the 1st 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 in the last quarter. Finally, AlphaCore Capital LLC bought a new position in shares of iShares MSCI New Zealand ETF during the 4th quarter valued at $283,000.

About iShares MSCI New Zealand ETF

(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.

See Also

Receive News & Ratings for iShares MSCI New Zealand ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI New Zealand ETF and related companies with MarketBeat.com's FREE daily email newsletter.