Flow Traders U.S. LLC Takes $976,000 Position in iShares MSCI UAE ETF $UAE

Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI UAE ETF (NASDAQ:UAE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 52,117 shares of the company’s stock, valued at approximately $976,000.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in iShares MSCI UAE ETF during the second quarter valued at $66,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of iShares MSCI UAE ETF in the 2nd quarter valued at about $216,000. OLD Mission Capital LLC acquired a new position in shares of iShares MSCI UAE ETF in the 1st quarter valued at about $236,000. V Square Quantitative Management LLC bought a new stake in shares of iShares MSCI UAE ETF during the 2nd quarter valued at about $269,000. Finally, Qtron Investments LLC acquired a new stake in iShares MSCI UAE ETF during the second quarter worth about $398,000.

iShares MSCI UAE ETF Stock Up 1.6%

Shares of NASDAQ UAE opened at $19.38 on Wednesday. The firm’s 50-day moving average price is $19.25 and its two-hundred day moving average price is $19.19. iShares MSCI UAE ETF has a 52-week low of $15.23 and a 52-week high of $20.42. The stock has a market capitalization of $142.44 million, a P/E ratio of 10.93 and a beta of 0.41.

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.