Rhumbline Advisers Purchases 70,620 Shares of iShares MSCI UAE ETF $UAE

Rhumbline Advisers grew its position in shares of iShares MSCI UAE ETF (NASDAQ:UAE) by 62.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,204 shares of the company’s stock after acquiring an additional 70,620 shares during the quarter. Rhumbline Advisers owned about 2.21% of iShares MSCI UAE ETF worth $3,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in iShares MSCI UAE ETF in the 2nd quarter valued at $66,000. Yousif Capital Management LLC grew its holdings in shares of iShares MSCI UAE ETF by 3.9% during the second quarter. Yousif Capital Management LLC now owns 141,837 shares of the company’s stock valued at $2,655,000 after buying an additional 5,262 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of iShares MSCI UAE ETF by 8.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 104,993 shares of the company’s stock valued at $1,782,000 after buying an additional 8,071 shares during the last quarter. Royal Bank of Canada increased its position in shares of iShares MSCI UAE ETF by 60.6% during the first quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after acquiring an additional 8,594 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of iShares MSCI UAE ETF in the 2nd quarter worth about $216,000.

iShares MSCI UAE ETF Stock Performance

Shares of NASDAQ UAE opened at $19.22 on Friday. The stock has a market cap of $141.27 million, a price-to-earnings ratio of 10.93 and a beta of 0.41. iShares MSCI UAE ETF has a fifty-two week low of $15.23 and a fifty-two week high of $20.42. The firm’s 50-day simple moving average is $19.24 and its 200 day simple moving average is $19.18.

iShares MSCI UAE ETF 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.