Geneos Wealth Management Inc. Makes New $1.80 Million Investment in iShares MSCI UAE ETF (NASDAQ:UAE)

Geneos Wealth Management Inc. acquired a new stake in iShares MSCI UAE ETF (NASDAQ:UAE) in the 4th quarter, HoldingsChannel reports. The fund acquired 109,623 shares of the company’s stock, valued at approximately $1,804,000.

Separately, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of iShares MSCI UAE ETF by 13.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock valued at $3,899,000 after purchasing an additional 30,851 shares during the last quarter.

iShares MSCI UAE ETF Stock Performance

Shares of UAE stock opened at $17.26 on Monday. The stock has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $15.30. iShares MSCI UAE ETF has a 1 year low of $13.24 and a 1 year high of $17.29. The stock has a market cap of $71.63 million, a P/E ratio of 8.94 and a beta of 0.64.

iShares MSCI UAE ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.0188 per share. The ex-dividend date was Tuesday, December 17th.

iShares MSCI UAE ETF 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.