Sumitomo Mitsui DS Asset Management Company Ltd Acquires 27,179 Shares of iShares MSCI UAE ETF $UAE

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in iShares MSCI UAE ETF (NASDAQ:UAE) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 361,591 shares of the company’s stock after buying an additional 27,179 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 4.92% of iShares MSCI UAE ETF worth $6,830,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UAE. Contravisory Investment Management Inc. boosted its position in shares of iShares MSCI UAE ETF by 5.8% in the third quarter. Contravisory Investment Management Inc. now owns 28,763 shares of the company’s stock valued at $543,000 after acquiring an additional 1,584 shares during the period. Farther Finance Advisors LLC acquired a new position in iShares MSCI UAE ETF during the 2nd quarter valued at $66,000. Yousif Capital Management LLC boosted its holdings in iShares MSCI UAE ETF by 3.9% in the 2nd quarter. Yousif Capital Management LLC now owns 141,837 shares of the company’s stock valued at $2,655,000 after purchasing an additional 5,262 shares during the period. Marshall Wace LLP boosted its holdings in iShares MSCI UAE ETF by 15.7% in the 2nd quarter. Marshall Wace LLP now owns 49,237 shares of the company’s stock valued at $922,000 after purchasing an additional 6,683 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in iShares MSCI UAE ETF by 24.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,968 shares of the company’s stock worth $673,000 after purchasing an additional 7,038 shares during the last quarter.

iShares MSCI UAE ETF Stock Performance

NASDAQ:UAE opened at $19.43 on Monday. The firm’s 50-day moving average is $19.19 and its 200-day moving average is $19.38. The company has a market cap of $159.33 million, a price-to-earnings ratio of 10.93 and a beta of 0.41. iShares MSCI UAE ETF has a 52-week low of $15.40 and a 52-week high of $20.42.

iShares MSCI UAE ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $0.1883 per share. This represents a yield of 196.0%. The ex-dividend date was Tuesday, December 16th.

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.