iShares MSCI Qatar ETF (NASDAQ:QAT) Shares Down 0.5% – Should You Sell?

Shares of iShares MSCI Qatar ETF (NASDAQ:QAT) were down 0.5% during mid-day trading on Monday . The stock traded as low as $18.54 and last traded at $18.58. Approximately 3,286 shares traded hands during trading, a decline of 89% from the average daily volume of 30,004 shares. The stock had previously closed at $18.68.

iShares MSCI Qatar ETF Stock Performance

The company’s 50 day moving average price is $18.84 and its 200-day moving average price is $19.17. The company has a market cap of $91.97 million, a PE ratio of 11.93 and a beta of 0.38.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Qatar ETF during the 2nd quarter worth approximately $33,000. Bank of New York Mellon Corp increased its stake in shares of iShares MSCI Qatar ETF by 15.3% during the 1st quarter. Bank of New York Mellon Corp now owns 27,748 shares of the company’s stock worth $516,000 after purchasing an additional 3,674 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares MSCI Qatar ETF by 28.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,433 shares of the company’s stock worth $361,000 after purchasing an additional 4,300 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of iShares MSCI Qatar ETF by 3.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 174,669 shares of the company’s stock worth $3,287,000 after purchasing an additional 5,913 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of iShares MSCI Qatar ETF by 58.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,636 shares of the company’s stock worth $618,000 after purchasing an additional 11,710 shares during the last quarter.

iShares MSCI Qatar ETF Company Profile

The iShares MSCI Qatar ETF (QAT) is an exchange-traded fund that is based on the MSCI All Qatar Capped index, a market-cap-weighted index of large-, mid and small-cap Qatari companies. QAT was launched on Apr 29, 2014 and is managed by BlackRock.