iShares MSCI UAE ETF (NASDAQ:UAE) Stock Price Down 0.3% – Here’s Why

iShares MSCI UAE ETF (NASDAQ:UAE) dropped 0.3% during trading on Thursday . The company traded as low as $19.54 and last traded at $19.59. 75,905 shares traded hands during trading, a decline of 85% from the average session volume of 499,564 shares. The stock had previously closed at $19.64.

iShares MSCI UAE ETF Trading Down 0.3%

The stock has a fifty day moving average of $19.27 and a two-hundred day moving average of $19.53. The stock has a market capitalization of $318.34 million, a price-to-earnings ratio of 10.93 and a beta of 0.43.

iShares MSCI UAE ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sparta 24 Ltd. bought a new position in shares of iShares MSCI UAE ETF in the first quarter worth about $22,211,000. Mondrian Investment Partners LTD grew its stake in shares of iShares MSCI UAE ETF by 4.9% during the fourth quarter. Mondrian Investment Partners LTD now owns 707,227 shares of the company’s stock valued at $13,522,000 after purchasing an additional 33,035 shares during the last quarter. Jane Street Group LLC raised its position in iShares MSCI UAE ETF by 68.0% in the 2nd quarter. Jane Street Group LLC now owns 670,818 shares of the company’s stock worth $12,558,000 after purchasing an additional 271,523 shares during the last quarter. HighTower Advisors LLC acquired a new position in iShares MSCI UAE ETF during the 4th quarter worth $8,870,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in iShares MSCI UAE ETF by 4.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 376,970 shares of the company’s stock worth $7,208,000 after buying an additional 15,379 shares in the last quarter.

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.