Fifth Third Bancorp Acquires New Position in iShares MSCI UAE ETF $UAE

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

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of iShares MSCI UAE ETF by 10.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 35,313 shares of the company’s stock worth $659,000 after purchasing an additional 3,300 shares during the last quarter. Financial & Tax Architects LLC purchased a new position in iShares MSCI UAE ETF during the first quarter worth approximately $391,000. OLD Mission Capital LLC lifted its position in iShares MSCI UAE ETF by 175.4% during the fourth quarter. OLD Mission Capital LLC now owns 111,113 shares of the company’s stock worth $2,124,000 after buying an additional 70,772 shares in the last quarter. Cetera Investment Advisers acquired a new position in iShares MSCI UAE ETF during the fourth quarter worth $354,000. Finally, Royal Bank of Canada boosted its stake in iShares MSCI UAE ETF by 430.3% during the fourth quarter. Royal Bank of Canada now owns 324,559 shares of the company’s stock worth $6,205,000 after buying an additional 263,352 shares during the last quarter.

iShares MSCI UAE ETF Stock Down 0.4%

Shares of NASDAQ:UAE opened at $18.82 on Thursday. iShares MSCI UAE ETF has a 52-week low of $17.29 and a 52-week high of $22.29. The stock has a market cap of $305.82 million, a P/E ratio of 10.93 and a beta of 0.43. The business has a fifty day moving average of $19.16 and a two-hundred day moving average of $19.58.

iShares MSCI UAE ETF Dividend Announcement

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