Rhumbline Advisers lifted its holdings in iShares MSCI UAE ETF (NASDAQ:UAE – Free Report) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,073 shares of the company’s stock after buying an additional 2,901 shares during the quarter. Rhumbline Advisers owned approximately 11.59% of iShares MSCI UAE ETF worth $3,824,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Moneda S.A. Administradora General de Fondos purchased a new stake in iShares MSCI UAE ETF during the 1st quarter valued at about $229,000. Panagora Asset Management Inc. bought a new position in iShares MSCI UAE ETF during the 2nd quarter valued at about $385,000. Comerica Bank lifted its stake in iShares MSCI UAE ETF by 3.5% during the 4th quarter. Comerica Bank now owns 100,947 shares of the company’s stock valued at $1,500,000 after acquiring an additional 3,445 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of iShares MSCI UAE ETF by 8.0% in the 1st quarter. Yousif Capital Management LLC now owns 108,997 shares of the company’s stock worth $1,612,000 after purchasing an additional 8,050 shares during the period.
iShares MSCI UAE ETF Stock Down 0.1 %
Shares of NASDAQ:UAE opened at $15.09 on Tuesday. The firm’s 50 day moving average price is $14.58 and its 200-day moving average price is $14.39. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $15.69. The stock has a market capitalization of $36.22 million, a PE ratio of 8.94 and a beta of 0.64.
iShares MSCI UAE ETF Profile
The iShares MSCI UAE ETF (UAE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of large-, mid and small-cap UAE companies. UAE was launched on Apr 29, 2014 and is managed by BlackRock.
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