Fifth Third Bancorp Purchases New Shares in iShares MSCI UAE ETF $UAE

Fifth Third Bancorp acquired a new position in shares of iShares MSCI UAE ETF (NASDAQ:UAE) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 106,337 shares of the company’s stock, valued at approximately $1,983,000. Fifth Third Bancorp owned 0.72% of iShares MSCI UAE ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of 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 valued at $386,000 after purchasing an additional 8,594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in iShares MSCI UAE ETF in the 1st quarter valued at about $491,000. Jane Street Group LLC boosted its holdings in iShares MSCI UAE ETF by 682.5% in the 1st quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock worth $6,776,000 after buying an additional 348,264 shares during the last quarter. 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 worth $922,000 after buying an additional 6,683 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in iShares MSCI UAE ETF during the 2nd quarter worth approximately $205,000.

iShares MSCI UAE ETF Price Performance

Shares of iShares MSCI UAE ETF stock opened at $18.82 on Thursday. The stock has a market capitalization of $305.82 million, a P/E ratio of 10.93 and a beta of 0.43. The business has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $19.58. iShares MSCI UAE ETF has a 12 month low of $17.29 and a 12 month high of $22.29.

iShares MSCI UAE ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.6631 dividend. The ex-dividend date of this dividend was Monday, June 15th.

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.