Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Holdings in iShares MSCI UAE ETF (NASDAQ:UAE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in iShares MSCI UAE ETF (NASDAQ:UAE) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,688 shares of the company’s stock after purchasing an additional 30,851 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 8.70% of iShares MSCI UAE ETF worth $3,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. acquired a new stake in shares of iShares MSCI UAE ETF in the 2nd quarter valued at approximately $385,000. Moneda S.A. Administradora General de Fondos purchased a new stake in shares of iShares MSCI UAE ETF during the 1st quarter worth $229,000. Comerica Bank grew its stake in shares of iShares MSCI UAE ETF by 8.0% during the 1st quarter. Comerica Bank now owns 108,997 shares of the company’s stock worth $1,612,000 after purchasing an additional 8,050 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of iShares MSCI UAE ETF by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock valued at $3,824,000 after purchasing an additional 2,901 shares in the last quarter.

iShares MSCI UAE ETF Stock Down 0.5 %

Shares of NASDAQ UAE opened at $14.88 on Monday. The stock has a market capitalization of $43.90 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a 52 week low of $13.24 and a 52 week high of $15.55. The firm has a 50-day moving average price of $14.96 and a 200 day moving average price of $14.44.

iShares MSCI UAE ETF Company 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.