Denver PWM LLC Acquires Shares of 2,111,885 iShares MSCI Kuwait ETF $KWT

Denver PWM LLC acquired a new stake in shares of iShares MSCI Kuwait ETF (BATS:KWT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,111,885 shares of the company’s stock, valued at approximately $76,999,000. iShares MSCI Kuwait ETF comprises about 21.3% of Denver PWM LLC’s portfolio, making the stock its largest holding. Denver PWM LLC owned about 0.90% of iShares MSCI Kuwait ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of iShares MSCI Kuwait ETF in the first quarter worth about $357,000. JPMorgan Chase & Co. raised its position in iShares MSCI Kuwait ETF by 25.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after purchasing an additional 826 shares during the last quarter. Jane Street Group LLC purchased a new stake in iShares MSCI Kuwait ETF in the 2nd quarter worth approximately $10,561,000. Citadel Advisors LLC lifted its holdings in 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 buying an additional 2,051 shares during the period. Finally, Susquehanna International Group LLP grew its position in shares of iShares MSCI Kuwait ETF by 49.5% in the 3rd quarter. Susquehanna International Group LLP now owns 23,228 shares of the company’s stock worth $919,000 after buying an additional 7,695 shares during the last quarter.

iShares MSCI Kuwait ETF Stock Performance

KWT opened at $38.15 on Tuesday. iShares MSCI Kuwait ETF has a 52-week low of $35.54 and a 52-week high of $41.08. The stock has a market capitalization of $89.65 million, a PE ratio of 17.65 and a beta of 0.45. The stock’s 50 day moving average price is $36.77 and its 200-day moving average price is $37.18.

iShares MSCI Kuwait ETF 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.