Bank of Montreal Can Buys New Position in iShares MSCI UAE ETF (NASDAQ:UAE)

Bank of Montreal Can bought a new stake in shares of iShares MSCI UAE ETF (NASDAQ:UAE) in the 4th quarter, HoldingsChannel reports. The firm bought 14,826 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new stake in shares of iShares MSCI UAE ETF during the 4th quarter valued at $1,804,000. Yousif Capital Management LLC raised its position in iShares MSCI UAE ETF by 6.4% during the fourth quarter. Yousif Capital Management LLC now owns 123,991 shares of the company’s stock valued at $2,041,000 after purchasing an additional 7,500 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in iShares MSCI UAE ETF by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 269,024 shares of the company’s stock worth $4,428,000 after purchasing an additional 12,336 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares MSCI UAE ETF in the 4th quarter worth about $780,000. Finally, Wellington Management Group LLP increased its position in shares of iShares MSCI UAE ETF by 94.3% during the 4th quarter. Wellington Management Group LLP now owns 136,210 shares of the company’s stock valued at $2,242,000 after purchasing an additional 66,105 shares during the last quarter.

iShares MSCI UAE ETF Price Performance

Shares of UAE opened at $17.57 on Friday. iShares MSCI UAE ETF has a 1 year low of $13.25 and a 1 year high of $17.69. The stock has a 50 day simple moving average of $16.88 and a two-hundred day simple moving average of $16.31. The firm has a market cap of $101.91 million, a P/E ratio of 9.39 and a beta of 0.64.

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.