HighTower Advisors LLC Makes New $8.87 Million Investment in iShares MSCI UAE ETF $UAE

HighTower Advisors LLC bought a new position in iShares MSCI UAE ETF (NASDAQ:UAE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 463,898 shares of the company’s stock, valued at approximately $8,870,000. HighTower Advisors LLC owned approximately 0.06% of iShares MSCI UAE ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mondrian Investment Partners LTD bought a new stake in shares of iShares MSCI UAE ETF in the 3rd quarter worth $12,735,000. Jane Street Group LLC increased its holdings in shares of iShares MSCI UAE ETF by 68.0% in the 2nd quarter. Jane Street Group LLC now owns 670,818 shares of the company’s stock worth $12,558,000 after purchasing an additional 271,523 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of iShares MSCI UAE ETF by 4.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 376,970 shares of the company’s stock worth $7,208,000 after purchasing an additional 15,379 shares in the last quarter. Sei Investments Co. bought a new stake in shares of iShares MSCI UAE ETF in the 3rd quarter worth $5,093,000. Finally, Rhumbline Advisers increased its holdings in shares of iShares MSCI UAE ETF by 43.5% in the 3rd quarter. Rhumbline Advisers now owns 264,364 shares of the company’s stock worth $4,994,000 after purchasing an additional 80,160 shares in the last quarter.

iShares MSCI UAE ETF Stock Performance

iShares MSCI UAE ETF stock opened at $18.92 on Tuesday. The firm has a market cap of $278.12 million, a price-to-earnings ratio of 10.93 and a beta of 0.42. The stock has a fifty day simple moving average of $18.92 and a two-hundred day simple moving average of $19.55. iShares MSCI UAE ETF has a 12 month low of $16.99 and a 12 month high of $22.29.

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.