iShares MSCI UAE ETF (NASDAQ:UAE) Trading Down 0.3% – Here’s What Happened

iShares MSCI UAE ETF (NASDAQ:UAE)’s share price were down 0.3% during trading on Thursday . The stock traded as low as $19.54 and last traded at $19.59. 75,905 shares were traded during mid-day trading, a decline of 85% from the average session volume of 499,564 shares. The stock had previously closed at $19.64.

iShares MSCI UAE ETF Stock Performance

The firm’s 50-day moving average price is $19.30 and its two-hundred day moving average price is $19.53. The firm has a market cap of $318.82 million, a PE ratio of 10.93 and a beta of 0.43.

iShares MSCI UAE ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.6631 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares MSCI UAE ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in iShares MSCI UAE ETF by 3,217.9% during the 1st quarter. Bank of America Corp DE now owns 215,697 shares of the company’s stock worth $4,023,000 after buying an additional 209,196 shares during the last quarter. Sparta 24 Ltd. acquired a new stake in shares of iShares MSCI UAE ETF in the first quarter valued at approximately $22,211,000. Gallacher Capital Management LLC grew its position in shares of iShares MSCI UAE ETF by 3.9% during the first quarter. Gallacher Capital Management LLC now owns 32,258 shares of the company’s stock worth $602,000 after acquiring an additional 1,224 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares MSCI UAE ETF by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 59,168 shares of the company’s stock worth $1,103,000 after acquiring an additional 5,114 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of iShares MSCI UAE ETF by 2.2% in the 1st quarter. Sanctuary Advisors LLC now owns 48,170 shares of the company’s stock valued at $898,000 after acquiring an additional 1,056 shares during the period.

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.