JPMorgan Chase & Co. Makes New $4.54 Million Investment in iShares MSCI UAE ETF $UAE

JPMorgan Chase & Co. purchased a new position in iShares MSCI UAE ETF (NASDAQ:UAE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 240,268 shares of the company’s stock, valued at approximately $4,539,000. JPMorgan Chase & Co. owned about 3.27% of iShares MSCI UAE ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in iShares MSCI UAE ETF in the second quarter worth $205,000. Royal Bank of Canada lifted its stake in 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 purchasing an additional 8,594 shares during the last quarter. Qtron Investments LLC bought a new stake in iShares MSCI UAE ETF during the second quarter worth about $398,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of iShares MSCI UAE ETF by 90.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,913 shares of the company’s stock worth $414,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Moneda S.A. Administradora General de Fondos boosted its holdings in shares of iShares MSCI UAE ETF by 11.9% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 24,494 shares of the company’s stock worth $482,000 after purchasing an additional 2,611 shares in the last quarter.

iShares MSCI UAE ETF Trading Down 1.9%

Shares of NASDAQ UAE opened at $18.30 on Friday. The stock has a market cap of $271.76 million, a price-to-earnings ratio of 10.93 and a beta of 0.41. iShares MSCI UAE ETF has a 1-year low of $15.40 and a 1-year high of $22.29. The stock’s 50-day moving average is $20.05 and its 200 day moving average is $19.58.

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.