iShares MSCI UAE ETF (NASDAQ:UAE) Stock Price Down 0.1% – What’s Next?

iShares MSCI UAE ETF (NASDAQ:UAE)’s stock price were down 0.1% on Monday . The company traded as low as $15.26 and last traded at $15.31. Approximately 50,987 shares were traded during trading, an increase of 87% from the average daily volume of 27,215 shares. The stock had previously closed at $15.33.

iShares MSCI UAE ETF Stock Performance

The firm has a 50-day moving average of $15.08 and a 200-day moving average of $14.50. The firm has a market capitalization of $45.16 million, a P/E ratio of 8.94 and a beta of 0.64.

Institutional Trading of iShares MSCI UAE ETF

A number of hedge funds have recently bought and sold shares of the company. Comerica Bank grew its position in shares of iShares MSCI UAE ETF by 8.0% during the first quarter. Comerica Bank now owns 108,997 shares of the company’s stock worth $1,612,000 after purchasing an additional 8,050 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of iShares MSCI UAE ETF in the second quarter worth about $385,000. Rhumbline Advisers lifted its holdings in shares of iShares MSCI UAE ETF by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock worth $3,824,000 after buying an additional 2,901 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of iShares MSCI UAE ETF by 13.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock worth $3,899,000 after purchasing an additional 30,851 shares during the period.

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.