Gallacher Capital Management LLC Takes $797,000 Position in iShares MSCI UAE ETF $UAE

Gallacher Capital Management LLC bought a new position in shares of iShares MSCI UAE ETF (NASDAQ:UAEFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,215 shares of the company’s stock, valued at approximately $797,000. Gallacher Capital Management LLC owned 0.57% of iShares MSCI UAE ETF at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI UAE ETF during the 2nd quarter valued at about $205,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in iShares MSCI UAE ETF in the second quarter valued at approximately $216,000. Royal Bank of Canada increased its position in iShares MSCI UAE ETF by 60.6% during the first quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after purchasing an additional 8,594 shares during the last quarter. Qtron Investments LLC acquired a new position in iShares MSCI UAE ETF during the second quarter worth approximately $398,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in iShares MSCI UAE ETF during the first quarter worth approximately $491,000.

iShares MSCI UAE ETF Stock Up 0.9%

Shares of UAE opened at $21.29 on Thursday. iShares MSCI UAE ETF has a fifty-two week low of $15.40 and a fifty-two week high of $21.43. The company’s fifty day moving average is $19.63 and its two-hundred day moving average is $19.54. The firm has a market cap of $174.58 million, a PE ratio of 10.93 and a beta of 0.41.

iShares MSCI UAE ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.1883 per share. This represents a yield of 196.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

About iShares MSCI UAE ETF

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for iShares MSCI UAE ETF (NASDAQ:UAE)

Receive News & Ratings for iShares MSCI UAE ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI UAE ETF and related companies with MarketBeat.com's FREE daily email newsletter.