Denver PWM LLC bought a new position in iShares MSCI Kuwait ETF (BATS:KWT – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 2,111,885 shares of the company’s stock, valued at approximately $76,999,000. iShares MSCI Kuwait ETF accounts for approximately 21.3% of Denver PWM LLC’s investment portfolio, making the stock its biggest holding. Denver PWM LLC owned 89.87% of iShares MSCI Kuwait ETF as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in KWT. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Kuwait ETF by 25.8% during the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after buying an additional 826 shares during the last quarter. Militia Capital Management LLC bought a new position in iShares MSCI Kuwait ETF during the 1st quarter worth approximately $282,000. Sumitomo Mitsui Trust Group Inc. grew its position in iShares MSCI Kuwait ETF by 21.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock worth $330,000 after acquiring an additional 1,600 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in iShares MSCI Kuwait ETF in the 1st quarter worth approximately $357,000. Finally, Ensign Peak Advisors Inc purchased a new position in iShares MSCI Kuwait ETF in the 4th quarter worth approximately $458,000.
iShares MSCI Kuwait ETF Stock Performance
BATS:KWT opened at $38.15 on Tuesday. The firm has a market cap of $89.65 million, a PE ratio of 17.65 and a beta of 0.45. iShares MSCI Kuwait ETF has a fifty-two week low of $35.54 and a fifty-two week high of $41.08. The business has a 50 day moving average price of $36.77 and a 200-day moving average price of $37.18.
iShares MSCI Kuwait ETF Profile
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.
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