Wellington Management Group LLP Sells 7,432 Shares of iShares MSCI UAE ETF (NASDAQ:UAE)

Wellington Management Group LLP cut its stake in iShares MSCI UAE ETF (NASDAQ:UAE) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,105 shares of the company’s stock after selling 7,432 shares during the quarter. Wellington Management Group LLP’s holdings in iShares MSCI UAE ETF were worth $1,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UAE. Panagora Asset Management Inc. acquired a new position in shares of iShares MSCI UAE ETF in the second quarter valued at about $385,000. Rhumbline Advisers boosted its stake in shares of iShares MSCI UAE ETF by 1.1% in the second quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock valued at $3,824,000 after buying an additional 2,901 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in iShares MSCI UAE ETF by 13.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock worth $3,899,000 after buying an additional 30,851 shares in the last quarter.

iShares MSCI UAE ETF Price Performance

Shares of NASDAQ UAE opened at $16.14 on Friday. The business has a fifty day moving average price of $15.33 and a two-hundred day moving average price of $14.74. The stock has a market capitalization of $47.61 million, a PE ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a fifty-two week low of $13.24 and a fifty-two week high of $16.69.

iShares MSCI UAE ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 17th will be given a dividend of $0.0188 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

About iShares MSCI UAE ETF

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.