iShares MSCI Kuwait ETF (BATS:KWT) Stock Price Down 0.4% – What’s Next?

iShares MSCI Kuwait ETF (BATS:KWT) fell 0.4% during trading on Tuesday . The company traded as low as $36.46 and last traded at $36.46. 11,009 shares changed hands during trading, an increase of 26% from the average daily volume of 8,720 shares. The stock had previously closed at $36.59.

iShares MSCI Kuwait ETF Trading Up 0.3%

The stock has a market cap of $85.75 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. The business has a 50 day simple moving average of $37.84 and a two-hundred day simple moving average of $37.55.

Institutional Trading of iShares MSCI Kuwait ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of iShares MSCI Kuwait ETF by 25.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after acquiring an additional 826 shares in the last quarter. Militia Capital Management LLC acquired a new position in iShares MSCI Kuwait ETF during the first quarter worth about $282,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of iShares MSCI Kuwait ETF by 36.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,523 shares of the company’s stock worth $288,000 after purchasing an additional 2,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of iShares MSCI Kuwait ETF in the first quarter valued at $357,000. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of iShares MSCI Kuwait ETF during the fourth quarter valued at $458,000.

About iShares MSCI Kuwait ETF

The iShares MSCI Kuwait ETF (KWT) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of all-cap stocks in Kuwait. KWT was launched on Sep 1, 2020 and is managed by BlackRock.