iShares MSCI UAE ETF (NASDAQ:UAE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of iShares MSCI UAE ETF (NASDAQ:UAE) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,014 shares of the company’s stock after selling 38,559 shares during the period. Rhumbline Advisers owned 5.68% of iShares MSCI UAE ETF worth $4,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in shares of iShares MSCI UAE ETF during the fourth quarter valued at approximately $1,804,000. Yousif Capital Management LLC lifted its stake in iShares MSCI UAE ETF by 6.4% during the fourth quarter. Yousif Capital Management LLC now owns 123,991 shares of the company’s stock worth $2,041,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of iShares MSCI UAE ETF by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 269,024 shares of the company’s stock valued at $4,428,000 after buying an additional 12,336 shares during the period.

iShares MSCI UAE ETF Trading Up 0.2 %

Shares of NASDAQ UAE opened at $17.45 on Friday. The stock’s 50 day simple moving average is $17.02 and its 200 day simple moving average is $15.82. The company has a market cap of $79.40 million, a price-to-earnings ratio of 10.76 and a beta of 0.64. iShares MSCI UAE ETF has a 12-month low of $13.24 and a 12-month high of $17.69.

iShares MSCI UAE ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.0188 per share. The ex-dividend date was Tuesday, December 17th.

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.