iShares MSCI New Zealand ETF (NASDAQ:ENZL) Trading 0.1% Higher After Dividend Announcement

Shares of iShares MSCI New Zealand ETF (NASDAQ:ENZL) rose 0.1% during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $46.02 and last traded at $45.75. Approximately 1,209 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 6,174 shares. The stock had previously closed at $45.71.

The newly announced dividend which will be paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th will be issued a $0.5752 dividend. The ex-dividend date of this dividend is Tuesday, December 16th.

iShares MSCI New Zealand ETF Price Performance

The firm’s fifty day moving average price is $45.42 and its two-hundred day moving average price is $45.64. The stock has a market cap of $69.18 million, a P/E ratio of 41.58 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Marotta Asset Management raised its stake in iShares MSCI New Zealand ETF by 2.6% in the third quarter. Marotta Asset Management now owns 167,288 shares of the company’s stock valued at $7,814,000 after purchasing an additional 4,186 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in iShares MSCI New Zealand ETF by 10.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 69,243 shares of the company’s stock worth $3,233,000 after buying an additional 6,450 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of iShares MSCI New Zealand ETF by 11.7% in the 1st quarter. Jane Street Group LLC now owns 42,860 shares of the company’s stock worth $1,804,000 after buying an additional 4,491 shares during the last quarter. Wexford Capital LP bought a new position in shares of iShares MSCI New Zealand ETF in the 3rd quarter worth $1,378,000. Finally, Susquehanna International Group LLP raised its position in shares of iShares MSCI New Zealand ETF by 219.5% during the 3rd quarter. Susquehanna International Group LLP now owns 23,881 shares of the company’s stock valued at $1,097,000 after buying an additional 16,407 shares in the last quarter.

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.