iShares MSCI UAE ETF (NASDAQ:UAE) Stock Price Down 1.3% – Here’s Why

iShares MSCI UAE ETF (NASDAQ:UAE)’s stock price were down 1.3% during mid-day trading on Thursday. The company traded as low as $19.66 and last traded at $19.81. 478,236 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 457,834 shares. The stock had previously closed at $20.07.

iShares MSCI UAE ETF Stock Down 1.3%

The company has a market capitalization of $315.97 million, a P/E ratio of 10.93 and a beta of 0.42. The firm has a fifty day simple moving average of $19.64 and a 200-day simple moving average of $19.27.

Institutional Trading of iShares MSCI UAE ETF

A number of large investors have recently bought and sold shares of UAE. Sparta 24 Ltd. acquired a new stake in iShares MSCI UAE ETF during the 1st quarter worth approximately $22,211,000. Bank of America Corp DE boosted its holdings in shares of iShares MSCI UAE ETF by 3,217.9% in the first quarter. Bank of America Corp DE now owns 215,697 shares of the company’s stock valued at $4,023,000 after buying an additional 209,196 shares during the period. Fifth Third Bancorp acquired a new position in shares of iShares MSCI UAE ETF in the first quarter valued at approximately $1,983,000. BlueCrest Capital Management Ltd bought a new stake in shares of iShares MSCI UAE ETF during the second quarter worth $1,783,000. Finally, Blue Edge Capital LLC bought a new stake in shares of iShares MSCI UAE ETF during the second quarter worth $13,733,000.

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.