iShares MSCI UAE ETF (NASDAQ:UAE – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $19.58 and traded as high as $19.72. iShares MSCI UAE ETF shares last traded at $19.66, with a volume of 292,704 shares traded.
iShares MSCI UAE ETF Price Performance
The company has a market capitalization of $300.95 million, a P/E ratio of 10.93 and a beta of 0.42. The company has a fifty day simple moving average of $19.67 and a two-hundred day simple moving average of $19.58.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of iShares MSCI UAE ETF by 7.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 42,213 shares of the company’s stock valued at $847,000 after acquiring an additional 3,000 shares during the period. Revisor Wealth Management LLC acquired a new stake in shares of iShares MSCI UAE ETF in the third quarter worth $577,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in iShares MSCI UAE ETF during the third quarter worth $8,588,000. Envestnet Asset Management Inc. increased its position in iShares MSCI UAE ETF by 27.1% during the second quarter. Envestnet Asset Management Inc. now owns 74,359 shares of the company’s stock worth $1,414,000 after acquiring an additional 15,842 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in iShares MSCI UAE ETF during the second quarter worth $1,783,000.
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.
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