iShares MSCI UAE ETF (NASDAQ:UAE) Shares Down 0.3% – Here’s What Happened

Shares of iShares MSCI UAE ETF (NASDAQ:UAEGet Free Report) traded down 0.3% on Thursday . The company traded as low as $19.54 and last traded at $19.59. 75,905 shares changed 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 Price Performance

The firm has a 50 day moving average price of $19.27 and a 200-day moving average price of $19.53. The firm has a market cap of $318.34 million, a price-to-earnings ratio of 10.93 and a beta of 0.43.

iShares MSCI UAE ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI UAE ETF

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI UAE ETF during the second quarter worth approximately $205,000. J. Safra Sarasin Holding AG acquired a new stake in iShares MSCI UAE ETF during the 1st quarter worth $255,000. Cetera Investment Advisers acquired a new stake in iShares MSCI UAE ETF during the 4th quarter worth $354,000. Royal Bank of Canada raised its position in shares of iShares MSCI UAE ETF by 60.6% during the 1st quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock valued at $386,000 after acquiring an additional 8,594 shares during the last quarter. Finally, Financial & Tax Architects LLC acquired a new position in shares of iShares MSCI UAE ETF in the 1st quarter valued at $391,000.

About iShares MSCI UAE ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for iShares MSCI UAE ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI UAE ETF and related companies with MarketBeat.com's FREE daily email newsletter.