iShares MSCI New Zealand ETF (NASDAQ:ENZL) Stock Price Up 0.2% – Still a Buy?

iShares MSCI New Zealand ETF (NASDAQ:ENZL)’s share price were up 0.2% during trading on Friday. The company traded as high as $45.16 and last traded at $45.1540. 1,048 shares were traded during trading, a decline of 98% from the average session volume of 51,929 shares. The stock had previously closed at $45.08.

iShares MSCI New Zealand ETF Stock Performance

The company has a fifty day moving average price of $46.13 and a two-hundred day moving average price of $45.66. The company has a market cap of $65.47 million, a P/E ratio of 41.58 and a beta of 0.91.

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in iShares MSCI New Zealand ETF in the third quarter valued at $286,000. TD Waterhouse Canada Inc. raised its stake in iShares MSCI New Zealand ETF by 7.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 109,028 shares of the company’s stock valued at $4,893,000 after acquiring an additional 7,282 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares MSCI New Zealand ETF by 66.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,380 shares of the company’s stock valued at $62,000 after purchasing an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in iShares MSCI New Zealand ETF by 13.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,712 shares of the company’s stock valued at $659,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings 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 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.