iShares MSCI Qatar ETF (NASDAQ:QAT) Trading Up 0.9% – Here’s Why

iShares MSCI Qatar ETF (NASDAQ:QAT)’s share price rose 0.9% during mid-day trading on Tuesday . The company traded as high as $17.43 and last traded at $17.39. Approximately 6,213 shares changed hands during trading, a decline of 83% from the average session volume of 36,428 shares. The stock had previously closed at $17.23.

iShares MSCI Qatar ETF Stock Up 0.9%

The company has a market cap of $62.60 million, a P/E ratio of 11.93 and a beta of 0.38. The stock’s 50-day moving average price is $17.58 and its 200 day moving average price is $18.39.

iShares MSCI Qatar ETF Announces Dividend

The firm also recently disclosed a semiannual dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 15th were paid a $0.624 dividend. The ex-dividend date was Monday, June 15th. This represents a dividend yield of 674.0%.

Institutional Trading of iShares MSCI Qatar ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QAT. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Qatar ETF in the second quarter worth $33,000. Bank of New York Mellon Corp raised its stake in iShares MSCI Qatar ETF by 15.3% during the 1st quarter. Bank of New York Mellon Corp now owns 27,748 shares of the company’s stock valued at $516,000 after purchasing an additional 3,674 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in iShares MSCI Qatar ETF by 28.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,433 shares of the company’s stock valued at $361,000 after purchasing an additional 4,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in iShares MSCI Qatar ETF by 58.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,636 shares of the company’s stock valued at $618,000 after purchasing an additional 11,710 shares during the period. Finally, Flow Traders U.S. LLC grew its position in iShares MSCI Qatar ETF by 57.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 32,360 shares of the company’s stock worth $632,000 after purchasing an additional 11,747 shares during the last quarter.

About iShares MSCI Qatar ETF

The iShares MSCI Qatar ETF (QAT) is an exchange-traded fund that is based on the MSCI All Qatar Capped index, a market-cap-weighted index of large-, mid and small-cap Qatari companies. QAT was launched on Apr 29, 2014 and is managed by BlackRock.