United Community Bank Makes New $612,000 Investment in iShares MSCI Kuwait ETF $KWT

United Community Bank purchased a new stake in iShares MSCI Kuwait ETF (BATS:KWT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,785 shares of the company’s stock, valued at approximately $612,000. United Community Bank owned approximately 0.71% of iShares MSCI Kuwait ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of KWT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in iShares MSCI Kuwait ETF during the first quarter worth about $357,000. JPMorgan Chase & Co. boosted its holdings in iShares MSCI Kuwait ETF by 25.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after purchasing an additional 826 shares during the period. Jane Street Group LLC acquired a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $10,561,000. Citadel Advisors LLC grew its position in shares of iShares MSCI Kuwait ETF by 12.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,610 shares of the company’s stock worth $737,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of iShares MSCI Kuwait ETF by 49.5% during the 3rd quarter. Susquehanna International Group LLP now owns 23,228 shares of the company’s stock worth $919,000 after purchasing an additional 7,695 shares in the last quarter.

iShares MSCI Kuwait ETF Trading Down 0.1%

Shares of KWT opened at $37.58 on Friday. iShares MSCI Kuwait ETF has a 12 month low of $35.54 and a 12 month high of $41.08. The firm’s 50 day moving average is $36.82 and its 200-day moving average is $37.19. The stock has a market capitalization of $88.31 million, a PE ratio of 17.65 and a beta of 0.45.

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.