iShares MSCI Kuwait ETF (BATS:KWT) Shares Up 6.6% – What’s Next?

iShares MSCI Kuwait ETF (BATS:KWT) shot up 6.6% during mid-day trading on Wednesday . The company traded as high as $35.67 and last traded at $37.8950. 1,915 shares traded hands during trading, a decline of 82% from the average session volume of 10,905 shares. The stock had previously closed at $35.5362.

iShares MSCI Kuwait ETF Price Performance

The business has a fifty day moving average of $38.86 and a 200 day moving average of $39.10. The stock has a market cap of $89.05 million, a PE ratio of 17.65 and a beta of 0.45.

Institutional Trading of iShares MSCI Kuwait ETF

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of iShares MSCI Kuwait ETF by 573.4% in the third quarter. JPMorgan Chase & Co. now owns 27,144 shares of the company’s stock worth $1,074,000 after buying an additional 23,113 shares during the last quarter. Susquehanna International Group LLP grew its holdings in 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 acquiring an additional 7,695 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in iShares MSCI Kuwait ETF by 78.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,334 shares of the company’s stock worth $686,000 after acquiring an additional 7,639 shares in the last quarter. Citadel Advisors LLC increased its position in shares of iShares MSCI Kuwait ETF by 12.4% in 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 during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of iShares MSCI Kuwait ETF by 2.3% in the 3rd quarter. Shell Asset Management Co. now owns 17,766 shares of the company’s stock worth $703,000 after purchasing an additional 400 shares during the last quarter.

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.