Sumitomo Mitsui DS Asset Management Company Ltd Acquires 427,900 Shares of iShares MSCI UAE ETF $UAE

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of iShares MSCI UAE ETF (NASDAQ:UAE) during the third quarter, HoldingsChannel reports. The firm acquired 427,900 shares of the company’s stock, valued at approximately $8,588,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UAE. Envestnet Asset Management Inc. lifted its position in iShares MSCI UAE ETF by 27.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 74,359 shares of the company’s stock valued at $1,414,000 after acquiring an additional 15,842 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in iShares MSCI UAE ETF in the 2nd quarter worth $1,783,000. Corient Private Wealth LP bought a new position in iShares MSCI UAE ETF during the 2nd quarter worth about $257,000. Rothschild Capital Partners LLC bought a new position in iShares MSCI UAE ETF during the 2nd quarter worth about $67,000. Finally, Blue Edge Capital LLC bought a new position in iShares MSCI UAE ETF during the 2nd quarter worth about $13,733,000.

iShares MSCI UAE ETF Price Performance

UAE opened at $19.72 on Thursday. The business’s 50-day moving average price is $19.70 and its two-hundred day moving average price is $19.41. iShares MSCI UAE ETF has a 1 year low of $17.29 and a 1 year high of $22.29. The company has a market capitalization of $308.62 million, a price-to-earnings ratio of 10.93 and a beta of 0.42.

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.