iShares MSCI UAE ETF (NASDAQ:UAE) Shares Down 1.4%

iShares MSCI UAE ETF (NASDAQ:UAE) were down 1.4% during mid-day trading on Friday . The company traded as low as $14.29 and last traded at $14.31. Approximately 14,787 shares changed hands during trading, a decline of 37% from the average daily volume of 23,519 shares. The stock had previously closed at $14.51.

iShares MSCI UAE ETF Price Performance

The firm has a market cap of $34.34 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. The business’s 50-day moving average price is $13.90 and its two-hundred day moving average price is $14.40.

iShares MSCI UAE ETF Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.5276 per share. The ex-dividend date was Tuesday, June 11th.

Hedge Funds Weigh In On iShares MSCI UAE ETF

Large investors have recently added to or reduced their stakes in the company. Moneda S.A. Administradora General de Fondos acquired a new stake in shares of iShares MSCI UAE ETF during the 1st quarter worth approximately $229,000. Panagora Asset Management Inc. acquired a new stake in iShares MSCI UAE ETF in the second quarter worth $385,000. Comerica Bank lifted its stake in iShares MSCI UAE ETF by 3.5% in the fourth quarter. Comerica Bank now owns 100,947 shares of the company’s stock valued at $1,500,000 after buying an additional 3,445 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of iShares MSCI UAE ETF by 3.6% during the fourth quarter. Yousif Capital Management LLC now owns 100,947 shares of the company’s stock valued at $1,500,000 after acquiring an additional 3,500 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of iShares MSCI UAE ETF by 1.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 206,099 shares of the company’s stock worth $3,063,000 after acquiring an additional 2,089 shares during the last quarter.

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.