iShares MSCI UAE ETF (NASDAQ:UAE) Shares Bought by Comerica Bank

Comerica Bank raised its holdings in shares of iShares MSCI UAE ETF (NASDAQ:UAE) by 6.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 123,991 shares of the company’s stock after buying an additional 7,500 shares during the period. Comerica Bank’s holdings in iShares MSCI UAE ETF were worth $2,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new position in shares of iShares MSCI UAE ETF in the 4th quarter worth approximately $3,409,000. Marshall Wace LLP acquired a new position in iShares MSCI UAE ETF in the fourth quarter valued at approximately $259,000. Zacks Investment Management acquired a new stake in shares of iShares MSCI UAE ETF during the 4th quarter worth approximately $452,000. Bank of Montreal Can acquired a new position in iShares MSCI UAE ETF during the 4th quarter valued at approximately $244,000. Finally, Wellington Management Group LLP grew its stake in iShares MSCI UAE ETF by 94.3% during the 4th quarter. Wellington Management Group LLP now owns 136,210 shares of the company’s stock worth $2,242,000 after buying an additional 66,105 shares during the last quarter.

iShares MSCI UAE ETF Stock Performance

Shares of UAE opened at $18.15 on Friday. The firm has a fifty day moving average of $17.01 and a 200-day moving average of $16.55. The company has a market cap of $105.27 million, a price-to-earnings ratio of 9.39 and a beta of 0.64. iShares MSCI UAE ETF has a 1 year low of $13.25 and a 1 year high of $18.34.

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.