Sparta 24 Ltd. Takes $22.21 Million Position in iShares MSCI UAE ETF $UAE

Sparta 24 Ltd. acquired a new position in iShares MSCI UAE ETF (NASDAQ:UAE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,190,955 shares of the company’s stock, valued at approximately $22,211,000. iShares MSCI UAE ETF comprises 25.4% of Sparta 24 Ltd.’s portfolio, making the stock its 2nd biggest holding. Sparta 24 Ltd. owned 8.10% of iShares MSCI UAE ETF at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI UAE ETF during the second quarter worth about $205,000. J. Safra Sarasin Holding AG acquired a new stake in iShares MSCI UAE ETF in the first quarter valued at $255,000. Cetera Investment Advisers acquired a new stake in iShares MSCI UAE ETF in the fourth quarter valued at $354,000. Financial & Tax Architects LLC purchased a new stake in iShares MSCI UAE ETF during the 1st quarter worth about $391,000. Finally, Royal Bank of Canada lifted its holdings in iShares MSCI UAE ETF by 60.6% during the 1st quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after buying an additional 8,594 shares during the last quarter.

iShares MSCI UAE ETF Stock Performance

UAE opened at $18.83 on Friday. iShares MSCI UAE ETF has a one year low of $17.29 and a one year high of $22.29. The company has a market cap of $305.99 million, a P/E ratio of 10.93 and a beta of 0.43. The business’s 50-day simple moving average is $19.18 and its 200-day simple moving average is $19.58.

iShares MSCI UAE ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.6631 dividend. The ex-dividend date of this dividend was Monday, June 15th.

About iShares MSCI UAE ETF

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.