iShares MSCI Kuwait ETF (BATS:KWT) Shares Down 0.9% – Here’s Why

iShares MSCI Kuwait ETF (BATS:KWT) were down 0.9% during trading on Monday . The company traded as low as $31.40 and last traded at $31.40. Approximately 852 shares traded hands during mid-day trading, The stock had previously closed at $31.67.

iShares MSCI Kuwait ETF Trading Down 0.9 %

The firm has a market capitalization of $73.79 million, a PE ratio of 18.16 and a beta of 0.43. The company has a fifty day moving average price of $32.40 and a two-hundred day moving average price of $32.57.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

A hedge fund recently raised its stake in iShares MSCI Kuwait ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of iShares MSCI Kuwait ETF (BATS:KWT) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,182 shares of the company’s stock after buying an additional 416 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned 2.86% of iShares MSCI Kuwait ETF worth $2,095,000 as of its most recent filing with the SEC.

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.