iShares MSCI UAE ETF (NASDAQ:UAE) Trading Down 1.4%

iShares MSCI UAE ETF (NASDAQ:UAE)’s share price were down 1.4% on Friday . The company traded as low as $14.29 and last traded at $14.31. Approximately 14,787 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 23,519 shares. The stock had previously closed at $14.51.

iShares MSCI UAE ETF Stock Performance

The firm’s 50-day simple moving average is $13.90 and its 200-day simple moving average is $14.40. The company has a market capitalization of $34.34 million, a price-to-earnings ratio of 8.94 and a beta of 0.64.

iShares MSCI UAE ETF Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.5276 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

Institutional Trading of iShares MSCI UAE ETF

Several institutional investors have recently modified their holdings of the company. Yousif Capital Management LLC raised its position in iShares MSCI UAE ETF by 3.6% in the fourth quarter. Yousif Capital Management LLC now owns 100,947 shares of the company’s stock worth $1,500,000 after purchasing an additional 3,500 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of iShares MSCI UAE ETF by 1.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 206,099 shares of the company’s stock worth $3,063,000 after buying an additional 2,089 shares in the last quarter. Moneda S.A. Administradora General de Fondos acquired a new position in shares of iShares MSCI UAE ETF in the 1st quarter worth approximately $229,000. Rhumbline Advisers lifted its position in shares of iShares MSCI UAE ETF by 1.1% during 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, Panagora Asset Management Inc. acquired a new stake in iShares MSCI UAE ETF in the 2nd quarter valued at $385,000.

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.