Csenge Advisory Group Invests $990,000 in iShares MSCI UAE ETF $UAE

Csenge Advisory Group bought a new stake in iShares MSCI UAE ETF (NASDAQ:UAE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,424 shares of the company’s stock, valued at approximately $990,000. Csenge Advisory Group owned about 0.71% of iShares MSCI UAE ETF at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in iShares MSCI UAE ETF by 8.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 361,591 shares of the company’s stock worth $6,830,000 after purchasing an additional 27,179 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in iShares MSCI UAE ETF during the second quarter worth approximately $976,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares MSCI UAE ETF in the second quarter worth $66,000. Ninety One North America Inc. purchased a new position in shares of iShares MSCI UAE ETF in the 3rd quarter valued at $5,093,000. Finally, Rhumbline Advisers raised its stake in shares of iShares MSCI UAE ETF by 62.2% in the 2nd quarter. Rhumbline Advisers now owns 184,204 shares of the company’s stock valued at $3,448,000 after acquiring an additional 70,620 shares during the period.

iShares MSCI UAE ETF Trading Up 0.7%

Shares of iShares MSCI UAE ETF stock opened at $19.87 on Monday. The company has a fifty day moving average price of $19.22 and a 200 day moving average price of $19.42. iShares MSCI UAE ETF has a twelve month low of $15.40 and a twelve month high of $20.42. The stock has a market cap of $162.93 million, a price-to-earnings ratio of 10.93 and a beta of 0.41.

iShares MSCI UAE ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.1883 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 196.0%.

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.