Cherry Tree Wealth Management LLC Takes Position in iShares MSCI Kuwait ETF $KWT

Cherry Tree Wealth Management LLC acquired a new stake in iShares MSCI Kuwait ETF (BATS:KWT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,544 shares of the company’s stock, valued at approximately $858,000. Cherry Tree Wealth Management LLC owned 1.00% of iShares MSCI Kuwait ETF as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KWT. NewEdge Advisors LLC acquired a new position in iShares MSCI Kuwait ETF during the second quarter worth about $130,912,000. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at approximately $113,712,000. Denver PWM LLC purchased a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $76,999,000. Baird Financial Group Inc. purchased a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $41,315,000. Finally, Midwest Professional Planners LTD. purchased a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $22,836,000.

iShares MSCI Kuwait ETF Stock Down 0.7%

Shares of KWT traded down $0.27 on Tuesday, reaching $37.48. The stock had a trading volume of 1,894 shares, compared to its average volume of 7,671. iShares MSCI Kuwait ETF has a twelve month low of $35.54 and a twelve month high of $41.08. The firm has a market capitalization of $88.07 million, a PE ratio of 17.65 and a beta of 0.45. The firm has a 50-day moving average of $37.00 and a 200 day moving average of $37.22.

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.