Rhumbline Advisers grew its holdings in shares of iShares MSCI UAE ETF (NASDAQ:UAE – Free Report) by 43.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 264,364 shares of the company’s stock after buying an additional 80,160 shares during the period. Rhumbline Advisers’ holdings in iShares MSCI UAE ETF were worth $4,994,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in iShares MSCI UAE ETF by 682.5% during the 1st quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock valued at $6,776,000 after acquiring an additional 348,264 shares during the period. Ninety One North America Inc. bought a new stake in shares of iShares MSCI UAE ETF during the third quarter worth $5,093,000. Quadrature Capital Ltd purchased a new stake in shares of iShares MSCI UAE ETF during the second quarter valued at $1,813,000. Bank of Montreal Can bought a new position in shares of iShares MSCI UAE ETF in the second quarter worth about $1,091,000. Finally, Csenge Advisory Group purchased a new position in iShares MSCI UAE ETF in the 3rd quarter worth about $990,000.
iShares MSCI UAE ETF Price Performance
Shares of UAE opened at $21.96 on Tuesday. The firm has a market capitalization of $180.07 million, a price-to-earnings ratio of 10.93 and a beta of 0.41. iShares MSCI UAE ETF has a 1-year low of $15.40 and a 1-year high of $22.29. The company has a 50-day moving average of $20.36 and a 200 day moving average of $19.69.
iShares MSCI UAE ETF Announces Dividend
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.
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Want to see what other hedge funds are holding UAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI UAE ETF (NASDAQ:UAE – Free Report).
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