Mondrian Investment Partners LTD Raises Stock Position in iShares MSCI UAE ETF $UAE

Mondrian Investment Partners LTD increased its stake in iShares MSCI UAE ETF (NASDAQ:UAE) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 707,227 shares of the company’s stock after purchasing an additional 33,035 shares during the quarter. Mondrian Investment Partners LTD owned 8.62% of iShares MSCI UAE ETF worth $13,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in iShares MSCI UAE ETF in the second quarter worth approximately $205,000. Royal Bank of Canada boosted its holdings in iShares MSCI UAE ETF by 60.6% in the first quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after purchasing an additional 8,594 shares during the last quarter. Moneda S.A. Administradora General de Fondos boosted its holdings in iShares MSCI UAE ETF by 11.9% in the third quarter. Moneda S.A. Administradora General de Fondos now owns 24,494 shares of the company’s stock worth $482,000 after purchasing an additional 2,611 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in iShares MSCI UAE ETF by 5.9% in the third quarter. Legacy Capital Group California Inc. now owns 28,508 shares of the company’s stock worth $539,000 after purchasing an additional 1,584 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of iShares MSCI UAE ETF during the 1st quarter worth $491,000.

iShares MSCI UAE ETF Price Performance

Shares of iShares MSCI UAE ETF stock opened at $18.92 on Friday. The company’s fifty day simple moving average is $18.90 and its 200-day simple moving average is $19.56. The stock has a market capitalization of $278.12 million, a PE ratio of 10.93 and a beta of 0.42. iShares MSCI UAE ETF has a 1-year low of $16.99 and a 1-year high of $22.29.

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.