Traders purchased shares of iShares MSCI EMU Index (BATS:EZU) on weakness during trading hours on Wednesday. $157.10 million flowed into the stock on the tick-up and $30.57 million flowed out of the stock on the tick-down, for a money net flow of $126.53 million into the stock. Of all equities tracked, iShares MSCI EMU Index had the 4th highest net in-flow for the day. iShares MSCI EMU Index traded down ($0.75) for the day and closed at $41.54
The business also recently declared a semiannual dividend, which was paid on Monday, June 25th. Investors of record on Wednesday, June 20th were given a dividend of $1.0257 per share. The ex-dividend date of this dividend was Tuesday, June 19th. This is a boost from iShares MSCI EMU Index’s previous semiannual dividend of $0.19. This represents a yield of 4.94%.
A number of hedge funds and other institutional investors have recently modified their holdings of EZU. Arrowstreet Capital Limited Partnership acquired a new position in iShares MSCI EMU Index during the fourth quarter valued at approximately $217,000. HPM Partners LLC bought a new stake in iShares MSCI EMU Index in the fourth quarter valued at approximately $264,000. Jefferies Group LLC bought a new stake in iShares MSCI EMU Index in the fourth quarter valued at approximately $265,000. Verition Fund Management LLC bought a new stake in iShares MSCI EMU Index in the first quarter valued at approximately $284,000. Finally, M&T Bank Corp bought a new stake in iShares MSCI EMU Index in the first quarter valued at approximately $299,000.
About iShares MSCI EMU Index
iShares MSCI EMU ETF, formerly iShares MSCI EMU Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index (the Index).
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