iShares MSCI Kuwait ETF (BATS:KWT) Shares Down 0.4% – Here’s What Happened

Shares of iShares MSCI Kuwait ETF (BATS:KWT) fell 0.4% during mid-day trading on Tuesday . The stock traded as low as $36.46 and last traded at $36.46. 11,009 shares were traded during trading, an increase of 26% from the average session volume of 8,720 shares. The stock had previously closed at $36.59.

iShares MSCI Kuwait ETF Stock Down 0.4%

The stock has a market capitalization of $85.68 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. The stock’s 50-day simple moving average is $37.88 and its 200 day simple moving average is $37.58.

Institutional Trading of iShares MSCI Kuwait ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of iShares MSCI Kuwait ETF in the second quarter valued at about $10,561,000. Geode Capital Management LLC bought a new stake in iShares MSCI Kuwait ETF during the 4th quarter worth about $2,409,000. Fifth Third Bancorp acquired a new stake in iShares MSCI Kuwait ETF in the 1st quarter valued at about $1,241,000. JPMorgan Chase & Co. increased its position in iShares MSCI Kuwait ETF by 573.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,144 shares of the company’s stock valued at $1,074,000 after acquiring an additional 23,113 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of iShares MSCI Kuwait ETF in the fourth quarter worth about $484,000.

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.