Sparta 24 Ltd. Acquires Shares of 1,190,955 iShares MSCI UAE ETF $UAE

Sparta 24 Ltd. acquired a new position in shares of iShares MSCI UAE ETF (NASDAQ:UAE) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 1,190,955 shares of the company’s stock, valued at approximately $22,211,000. iShares MSCI UAE ETF accounts for about 25.4% of Sparta 24 Ltd.’s portfolio, making the stock its 2nd biggest position. Sparta 24 Ltd. owned about 0.08% of iShares MSCI UAE ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. HighTower Advisors LLC acquired a new position in shares of iShares MSCI UAE ETF in the fourth quarter valued at approximately $8,870,000. Jane Street Group LLC lifted its holdings in shares of iShares MSCI UAE ETF by 682.5% during the first quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock worth $6,776,000 after purchasing an additional 348,264 shares during the period. Sei Investments Co. purchased a new position in iShares MSCI UAE ETF in the 3rd quarter valued at $5,093,000. Royal Bank of Canada grew its position in iShares MSCI UAE ETF by 430.3% in the 4th quarter. Royal Bank of Canada now owns 324,559 shares of the company’s stock valued at $6,205,000 after buying an additional 263,352 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in iShares MSCI UAE ETF in the 3rd quarter valued at $4,539,000.

iShares MSCI UAE ETF Stock Performance

Shares of UAE opened at $18.83 on Friday. The stock has a market capitalization of $305.99 million, a P/E ratio of 10.93 and a beta of 0.43. iShares MSCI UAE ETF has a 1 year low of $17.29 and a 1 year high of $22.29. The company’s fifty day moving average is $19.18 and its two-hundred day moving average is $19.58.

iShares MSCI UAE ETF Dividend Announcement

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

iShares MSCI UAE ETF 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.