BlueCrest Capital Management Ltd Takes $1.78 Million Position in iShares MSCI UAE ETF $UAE

BlueCrest Capital Management Ltd bought a new stake in shares of iShares MSCI UAE ETF (NASDAQ:UAE) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 93,767 shares of the company’s stock, valued at approximately $1,783,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in iShares MSCI UAE ETF by 60.6% in the 1st quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after acquiring an additional 8,594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of iShares MSCI UAE ETF during the first quarter worth $491,000. Jane Street Group LLC lifted its position in shares of iShares MSCI UAE ETF by 682.5% during the first quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock worth $6,776,000 after purchasing an additional 348,264 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of iShares MSCI UAE ETF by 15.7% in the second quarter. Marshall Wace LLP now owns 49,237 shares of the company’s stock valued at $922,000 after purchasing an additional 6,683 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares MSCI UAE ETF in the second quarter valued at $205,000.

iShares MSCI UAE ETF Trading Up 0.4%

UAE opened at $19.71 on Thursday. The company has a fifty day simple moving average of $19.34 and a 200 day simple moving average of $19.27. The firm has a market cap of $320.29 million, a price-to-earnings ratio of 10.93 and a beta of 0.42. iShares MSCI UAE ETF has a twelve month low of $17.29 and a twelve month high of $22.29.

iShares MSCI UAE ETF Announces Dividend

The company also recently disclosed a semiannual dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $0.6631 dividend. This represents a yield of 670.0%. The ex-dividend date of this dividend was Monday, June 15th.

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.