NewEdge Advisors LLC acquired a new position in iShares MSCI Kuwait ETF (BATS:KWT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,590,576 shares of the company’s stock, valued at approximately $130,912,000. NewEdge Advisors LLC owned 152.79% of iShares MSCI Kuwait ETF as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in KWT. Compass Financial Management LLC bought a new stake in iShares MSCI Kuwait ETF during the 2nd quarter valued at approximately $53,000. Robbins Farley bought a new position in iShares MSCI Kuwait ETF in the 2nd quarter worth approximately $99,000. California State Teachers Retirement System grew its holdings in iShares MSCI Kuwait ETF by 1,723.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,646 shares of the company’s stock valued at $133,000 after buying an additional 3,446 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in 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 buying an additional 826 shares in the last quarter. Finally, Militia Capital Management LLC bought a new stake in shares of iShares MSCI Kuwait ETF during the first quarter valued at approximately $282,000.
iShares MSCI Kuwait ETF Stock Performance
KWT stock opened at $37.72 on Wednesday. iShares MSCI Kuwait ETF has a one year low of $35.54 and a one year high of $41.08. The company’s fifty day moving average price is $36.90 and its 200-day moving average price is $37.20. The company has a market capitalization of $88.64 million, a PE ratio of 17.65 and a beta of 0.45.
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.
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