iShares MSCI Kuwait ETF (BATS:KWT) Stock Price Down 0.3% – Here’s Why

Shares of iShares MSCI Kuwait ETF (BATS:KWT) traded down 0.3% during trading on Wednesday . The stock traded as low as $36.99 and last traded at $37.15. 2,513 shares were traded during trading, a decline of 84% from the average session volume of 15,561 shares. The stock had previously closed at $37.26.

iShares MSCI Kuwait ETF Stock Down 0.3%

The stock has a fifty day moving average of $38.26 and a 200-day moving average of $38.95. The firm has a market capitalization of $87.30 million, a P/E ratio of 17.65 and a beta of 0.45.

Hedge Funds Weigh In On iShares MSCI Kuwait ETF

Large investors have recently modified their holdings of the stock. IFM Investors Pty Ltd acquired a new position in iShares MSCI Kuwait ETF during the 3rd quarter worth $4,351,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Kuwait ETF in the 2nd quarter valued at $793,000. Rhumbline Advisers raised its position in shares of iShares MSCI Kuwait ETF by 0.5% during the second quarter. Rhumbline Advisers now owns 81,280 shares of the company’s stock worth $3,081,000 after acquiring an additional 440 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI Kuwait ETF by 573.4% during the third quarter. JPMorgan Chase & Co. now owns 27,144 shares of the company’s stock valued at $1,074,000 after acquiring an additional 23,113 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in iShares MSCI Kuwait ETF by 49.5% in the third quarter. Susquehanna International Group LLP now owns 23,228 shares of the company’s stock valued at $919,000 after acquiring an additional 7,695 shares during the last quarter.

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.