iShares MSCI Kuwait ETF (BATS:KWT) Stock Price Down 1.5% – What’s Next?

iShares MSCI Kuwait ETF (BATS:KWT) were down 1.5% during trading on Monday . The company traded as low as $37.25 and last traded at $37.27. Approximately 958 shares traded hands during trading, a decline of 89% from the average daily volume of 8,910 shares. The stock had previously closed at $37.83.

iShares MSCI Kuwait ETF Stock Down 1.5%

The business’s 50-day simple moving average is $37.81 and its 200 day simple moving average is $37.84. The firm has a market capitalization of $87.58 million, a P/E ratio of 17.65 and a beta of 0.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KWT. JPMorgan Chase & Co. boosted its stake in iShares MSCI Kuwait ETF by 25.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock worth $153,000 after purchasing an additional 826 shares in the last quarter. Militia Capital Management LLC bought a new position in iShares MSCI Kuwait ETF in the 1st quarter worth about $282,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in iShares MSCI Kuwait ETF by 36.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,523 shares of the company’s stock worth $288,000 after purchasing an additional 2,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in iShares MSCI Kuwait ETF in the 1st quarter worth about $357,000. Finally, Ensign Peak Advisors Inc purchased a new position in iShares MSCI Kuwait ETF in the 4th quarter worth about $458,000.

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.