iShares MSCI Qatar ETF (NASDAQ:QAT) Trading Down 1.1% – Here’s Why

iShares MSCI Qatar ETF (NASDAQ:QATGet Free Report) dropped 1.1% on Monday . The company traded as low as $17.41 and last traded at $17.45. 6,589 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 38,288 shares. The stock had previously closed at $17.64.

iShares MSCI Qatar ETF Price Performance

The stock has a 50-day moving average of $17.91 and a 200-day moving average of $18.68. The firm has a market cap of $62.53 million, a price-to-earnings ratio of 11.93 and a beta of 0.39.

iShares MSCI Qatar ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 15th were issued a dividend of $0.624 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in QAT. Raymond James Financial Inc. acquired a new position in iShares MSCI Qatar ETF during the second quarter valued at approximately $33,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of iShares MSCI Qatar ETF in the 2nd quarter valued at $229,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares MSCI Qatar ETF by 50.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,133 shares of the company’s stock valued at $285,000 after purchasing an additional 5,100 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of iShares MSCI Qatar ETF in the 1st quarter valued at $391,000. Finally, Victory Capital Management Inc. acquired a new position in shares of iShares MSCI Qatar ETF during the 3rd quarter worth $405,000.

About iShares MSCI Qatar ETF

(Get Free Report)

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.

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