KFG Wealth Management LLC Purchases New Stake in iShares MSCI Kuwait ETF $KWT

KFG Wealth Management LLC acquired a new position in iShares MSCI Kuwait ETF (BATS:KWT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 188,364 shares of the company’s stock, valued at approximately $6,868,000. iShares MSCI Kuwait ETF makes up 0.8% of KFG Wealth Management LLC’s portfolio, making the stock its 25th largest position. KFG Wealth Management LLC owned about 8.02% of iShares MSCI Kuwait ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KWT. Denver PWM LLC purchased a new position in iShares MSCI Kuwait ETF during the 2nd quarter valued at about $76,999,000. Midwest Professional Planners LTD. purchased a new stake in shares of iShares MSCI Kuwait ETF in the second quarter worth approximately $22,836,000. Waycross Investment Management Co purchased a new stake in shares of iShares MSCI Kuwait ETF in the second quarter worth approximately $16,158,000. Jane Street Group LLC purchased a new stake in shares of iShares MSCI Kuwait ETF in the second quarter worth approximately $10,561,000. Finally, Keeler Thomas Management LLC acquired a new stake in shares of iShares MSCI Kuwait ETF during the second quarter worth approximately $2,338,000.

iShares MSCI Kuwait ETF Stock Performance

KWT stock opened at $37.62 on Thursday. The firm has a 50 day simple moving average of $36.80 and a 200 day simple moving average of $37.19. 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 cap of $88.41 million, a P/E ratio of 17.65 and a beta of 0.45.

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.