iShares MSCI Kuwait ETF (BATS:KWT) Shares Down 0.5% – Should You Sell?

iShares MSCI Kuwait ETF (BATS:KWT) shares fell 0.5% during mid-day trading on Monday . The stock traded as low as $35.46 and last traded at $35.36. 1,915 shares traded hands during trading, a decline of 77% from the average session volume of 8,276 shares. The stock had previously closed at $35.54.

iShares MSCI Kuwait ETF Stock Performance

The company has a market capitalization of $71.02 million, a PE ratio of 16.23 and a beta of 0.44. The stock has a fifty day moving average of $34.84 and a 200 day moving average of $33.17.

Hedge Funds Weigh In On iShares MSCI Kuwait ETF

Several hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its holdings in 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 valued at $5,011,000 after acquiring an additional 12,432 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of iShares MSCI Kuwait ETF by 6.8% during the fourth quarter. Yousif Capital Management LLC now owns 34,352 shares of the company’s stock valued at $1,107,000 after purchasing an additional 2,200 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of iShares MSCI Kuwait ETF by 6.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,731 shares of the company’s stock worth $2,408,000 after purchasing an additional 4,199 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Kuwait ETF in the third quarter worth about $455,000. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in iShares MSCI Kuwait ETF by 3.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 25,095 shares of the company’s stock valued at $810,000 after buying an additional 800 shares during 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.