Midwest Professional Planners LTD. Buys New Stake in iShares MSCI Kuwait ETF $KWT

Midwest Professional Planners LTD. purchased a new stake in iShares MSCI Kuwait ETF (BATS:KWT) during the second quarter, according to its most recent filing with the SEC. The fund purchased 626,343 shares of the company’s stock, valued at approximately $22,836,000. iShares MSCI Kuwait ETF comprises about 4.4% of Midwest Professional Planners LTD.’s portfolio, making the stock its 2nd largest holding. Midwest Professional Planners LTD. owned approximately 26.65% of iShares MSCI Kuwait ETF as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KWT. Denver PWM LLC bought a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at about $76,999,000. Jane Street Group LLC bought a new stake in shares of iShares MSCI Kuwait ETF in the second quarter worth about $10,561,000. Keeler Thomas Management LLC bought a new stake in shares of iShares MSCI Kuwait ETF in the second quarter worth about $2,338,000. Geode Capital Management LLC purchased a new stake in shares of iShares MSCI Kuwait ETF in the fourth quarter worth about $2,409,000. Finally, Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Kuwait ETF in the first quarter worth about $1,241,000.

iShares MSCI Kuwait ETF Trading Down 0.9%

Shares of iShares MSCI Kuwait ETF stock opened at $37.82 on Wednesday. The stock has a 50 day moving average of $36.78 and a 200 day moving average of $37.18. iShares MSCI Kuwait ETF has a 12 month low of $35.54 and a 12 month high of $41.08. The firm has a market cap of $88.88 million, a PE ratio of 17.65 and a beta of 0.45.

iShares MSCI Kuwait ETF Company 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.