Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in iShares MSCI UAE ETF (NASDAQ:UAE – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 427,900 shares of the company’s stock, valued at approximately $8,588,000. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 2.73% of iShares MSCI UAE ETF as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in iShares MSCI UAE ETF by 27.1% in the second quarter. Envestnet Asset Management Inc. now owns 74,359 shares of the company’s stock valued at $1,414,000 after acquiring an additional 15,842 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of iShares MSCI UAE ETF in the second quarter worth about $1,783,000. Corient Private Wealth LP bought a new stake in shares of iShares MSCI UAE ETF in the second quarter worth about $257,000. Rothschild Capital Partners LLC acquired a new stake in shares of iShares MSCI UAE ETF during the second quarter worth about $67,000. Finally, Blue Edge Capital LLC acquired a new stake in shares of iShares MSCI UAE ETF during the second quarter worth about $13,733,000.
iShares MSCI UAE ETF Price Performance
NASDAQ:UAE opened at $19.72 on Thursday. iShares MSCI UAE ETF has a fifty-two week low of $17.29 and a fifty-two week high of $22.29. The stock has a market capitalization of $308.62 million, a PE ratio of 10.93 and a beta of 0.42. The business’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $19.41.
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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