Jane Street Group LLC Trims Stake in iShares MSCI Kuwait ETF (BATS:KWT)

Jane Street Group LLC lowered its holdings in iShares MSCI Kuwait ETF (BATS:KWT) by 81.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,052 shares of the company’s stock after selling 250,897 shares during the period. Jane Street Group LLC owned approximately 2.47% of iShares MSCI Kuwait ETF worth $1,859,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new stake in iShares MSCI Kuwait ETF in the third quarter valued at approximately $455,000. Bank of Montreal Can increased its holdings in shares of iShares MSCI Kuwait ETF by 8.8% in the 3rd quarter. Bank of Montreal Can now owns 153,632 shares of the company’s stock worth $5,011,000 after buying an additional 12,432 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of iShares MSCI Kuwait ETF by 5.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 70,532 shares of the company’s stock valued at $2,258,000 after buying an additional 3,350 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. bought a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth $349,000.

iShares MSCI Kuwait ETF Price Performance

Shares of BATS:KWT opened at $32.33 on Thursday. The stock has a market capitalization of $75.98 million, a price-to-earnings ratio of 18.16 and a beta of 0.43. The stock has a 50-day moving average of $32.29 and a two-hundred day moving average of $32.18.

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.