iShares MSCI Qatar ETF (NASDAQ:QAT) Trading Down 0.6% – Time to Sell?

Shares of iShares MSCI Qatar ETF (NASDAQ:QAT) traded down 0.6% during mid-day trading on Wednesday . The company traded as low as $18.77 and last traded at $18.89. 15,655 shares changed hands during trading, an increase of 22% from the average session volume of 12,868 shares. The stock had previously closed at $19.01.

iShares MSCI Qatar ETF Price Performance

The stock has a market capitalization of $68.44 million, a PE ratio of 11.93 and a beta of 0.43. The stock has a 50 day moving average of $19.60 and a two-hundred day moving average of $19.43.

iShares MSCI Qatar ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 16th were given a dividend of $0.2267 per share. This represents a yield of 242.0%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

Several institutional investors have recently added to or reduced their stakes in QAT. JPMorgan Chase & Co. raised its stake in iShares MSCI Qatar ETF by 1,090.5% during the second quarter. JPMorgan Chase & Co. now owns 216,306 shares of the company’s stock worth $4,028,000 after acquiring an additional 198,137 shares during the period. Jane Street Group LLC raised its position in shares of iShares MSCI Qatar ETF by 202.9% during the 2nd quarter. Jane Street Group LLC now owns 154,860 shares of the company’s stock worth $2,883,000 after purchasing an additional 103,735 shares during the period. Rhumbline Advisers raised its position in shares of iShares MSCI Qatar ETF by 42.5% during the 2nd quarter. Rhumbline Advisers now owns 109,684 shares of the company’s stock worth $2,042,000 after purchasing an additional 32,737 shares during the period. Ensign Peak Advisors Inc bought a new stake in shares of iShares MSCI Qatar ETF in the 4th quarter worth approximately $463,000. Finally, Mackenzie Financial Corp acquired a new position in iShares MSCI Qatar ETF during the 4th quarter valued at approximately $434,000.

About iShares MSCI Qatar ETF

The iShares MSCI Qatar ETF (QAT) is an exchange-traded fund that is based on the MSCI All Qatar Capped index, a market-cap-weighted index of large-, mid and small-cap Qatari companies. QAT was launched on Apr 29, 2014 and is managed by BlackRock.