iShares MSCI Kuwait ETF (BATS:KWT) Trading 1.1% Higher – What’s Next?

iShares MSCI Kuwait ETF (BATS:KWT)’s stock price rose 1.1% on Thursday . The company traded as high as $33.18 and last traded at $33.10. Approximately 9,978 shares were traded during trading, The stock had previously closed at $32.73.

iShares MSCI Kuwait ETF Price Performance

The company has a market capitalization of $77.77 million, a P/E ratio of 18.16 and a beta of 0.43. The company has a fifty day moving average price of $32.48 and a 200 day moving average price of $32.26.

Institutional Trading of iShares MSCI Kuwait ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC bought a new position in iShares MSCI Kuwait ETF during the 3rd quarter valued at $455,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of iShares MSCI Kuwait ETF by 5.0% in the third 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 during the period. Finally, Bank of Montreal Can boosted its stake in iShares MSCI Kuwait ETF by 8.8% during the third quarter. Bank of Montreal Can now owns 153,632 shares of the company’s stock valued at $5,011,000 after buying an additional 12,432 shares in the last quarter.

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.