iShares MSCI Kuwait ETF (BATS:KWT) Trading 0.1% Higher – Here’s What Happened

iShares MSCI Kuwait ETF (BATS:KWT) were up 0.1% on Tuesday . The company traded as high as $32.61 and last traded at $32.61. Approximately 15 shares were traded during mid-day trading, The stock had previously closed at $32.57.

iShares MSCI Kuwait ETF Stock Up 0.1 %

The business has a 50-day simple moving average of $32.09 and a 200-day simple moving average of $32.33. The company has a market cap of $76.63 million, a PE ratio of 18.16 and a beta of 0.43.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

A hedge fund recently bought a new stake in iShares MSCI Kuwait ETF stock. City of London Investment Management Co. Ltd. bought a new stake in shares of iShares MSCI Kuwait ETF (BATS:KWT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,200 shares of the company’s stock, valued at approximately $349,000. City of London Investment Management Co. Ltd. owned about 0.48% of iShares MSCI Kuwait ETF at the end of the most recent reporting period.

About iShares MSCI Kuwait ETF

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.