iShares MSCI Kuwait ETF (BATS:KWT) Stock Price Down 0.3% – Here’s Why

iShares MSCI Kuwait ETF (BATS:KWT)’s share price traded down 0.3% during trading on Wednesday . The stock traded as low as $36.99 and last traded at $37.15. 2,513 shares traded hands during trading, a decline of 84% from the average session volume of 15,561 shares. The stock had previously closed at $37.26.

iShares MSCI Kuwait ETF Stock Down 0.3%

The business has a 50-day simple moving average of $38.26 and a two-hundred day simple moving average of $38.95. The stock has a market capitalization of $87.30 million, a P/E ratio of 17.65 and a beta of 0.45.

Hedge Funds Weigh In On iShares MSCI Kuwait ETF

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in iShares MSCI Kuwait ETF by 25.8% in the second 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. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of iShares MSCI Kuwait ETF in the third quarter valued at approximately $219,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of iShares MSCI Kuwait ETF in the 1st quarter worth approximately $357,000. Shell Asset Management Co. increased its holdings in iShares MSCI Kuwait ETF by 2.3% during the 3rd quarter. Shell Asset Management Co. now owns 17,766 shares of the company’s stock valued at $703,000 after purchasing an additional 400 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in iShares MSCI Kuwait ETF by 12.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,610 shares of the company’s stock valued at $737,000 after purchasing an additional 2,051 shares in 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.