UBS Group AG Purchases 125,275 Shares of iShares MSCI UAE ETF $UAE

UBS Group AG lifted its position in shares of iShares MSCI UAE ETF (NASDAQ:UAE) by 457.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,647 shares of the company’s stock after buying an additional 125,275 shares during the quarter. UBS Group AG’s holdings in iShares MSCI UAE ETF were worth $2,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. grew its position in shares of iShares MSCI UAE ETF by 13.7% during the 3rd quarter. Raymond James Financial Inc. now owns 12,421 shares of the company’s stock worth $235,000 after buying an additional 1,495 shares in the last quarter. Legacy Capital Group California Inc. grew its position in shares of iShares MSCI UAE ETF by 5.9% during the 3rd quarter. Legacy Capital Group California Inc. now owns 28,508 shares of the company’s stock worth $539,000 after buying an additional 1,584 shares in the last quarter. Moneda S.A. Administradora General de Fondos grew its position in shares of iShares MSCI UAE ETF by 11.9% during the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 24,494 shares of the company’s stock worth $482,000 after buying an additional 2,611 shares in the last quarter. Marshall Wace LLP grew its position in shares of iShares MSCI UAE ETF by 15.7% during the 2nd quarter. Marshall Wace LLP now owns 49,237 shares of the company’s stock worth $922,000 after buying an additional 6,683 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of iShares MSCI UAE ETF by 24.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,968 shares of the company’s stock worth $673,000 after buying an additional 7,038 shares in the last quarter.

iShares MSCI UAE ETF Stock Performance

UAE opened at $18.92 on Tuesday. iShares MSCI UAE ETF has a 12-month low of $16.99 and a 12-month high of $22.29. The business’s fifty day simple moving average is $18.92 and its 200-day simple moving average is $19.55. The company has a market capitalization of $278.12 million, a price-to-earnings ratio of 10.93 and a beta of 0.42.

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.