iShares MSCI New Zealand ETF (NASDAQ:ENZL) Trading 0.6% Higher – Should You Buy?

iShares MSCI New Zealand ETF (NASDAQ:ENZL) rose 0.6% during trading on Tuesday . The company traded as high as $46.15 and last traded at $46.15. Approximately 4,323 shares changed hands during trading, a decline of 68% from the average daily volume of 13,308 shares. The stock had previously closed at $45.86.

iShares MSCI New Zealand ETF Price Performance

The company has a market cap of $66.92 million, a P/E ratio of 41.58 and a beta of 0.89. The firm’s 50-day moving average is $45.39 and its two-hundred day moving average is $45.65.

iShares MSCI New Zealand ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $0.5752 dividend. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of iShares MSCI New Zealand ETF by 100.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares during the last quarter. Jones Financial Companies Lllp bought a new position in iShares MSCI New Zealand ETF in the 3rd quarter valued at $28,000. Marotta Asset Management increased 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 worth $7,814,000 after purchasing an additional 4,186 shares during the period. Jane Street Group LLC increased its stake in iShares MSCI New Zealand ETF by 11.7% in the first quarter. Jane Street Group LLC now owns 42,860 shares of the company’s stock worth $1,804,000 after purchasing an additional 4,491 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in shares of iShares MSCI New Zealand ETF by 10.3% during the third quarter. TD Waterhouse Canada Inc. now owns 69,243 shares of the company’s stock worth $3,233,000 after purchasing an additional 6,450 shares during 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.