iShares MSCI Qatar ETF (NASDAQ:QAT) Trading Down 1.1% – Time to Sell?

Shares of iShares MSCI Qatar ETF (NASDAQ:QAT) traded down 1.1% on Monday . The company traded as low as $17.41 and last traded at $17.45. 6,589 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 38,288 shares. The stock had previously closed at $17.64.

iShares MSCI Qatar ETF Trading Down 1.1%

The company has a 50 day moving average price of $17.93 and a 200-day moving average price of $18.69. The company has a market cap of $62.82 million, a P/E ratio of 11.93 and a beta of 0.39.

iShares MSCI Qatar ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 15th were given a dividend of $0.624 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QAT. C M Bidwell & Associates Ltd. acquired a new position in iShares MSCI Qatar ETF during the second quarter worth about $229,000. Bank of New York Mellon Corp boosted its stake in shares of iShares MSCI Qatar ETF by 15.3% in the 1st quarter. Bank of New York Mellon Corp now owns 27,748 shares of the company’s stock valued at $516,000 after purchasing an additional 3,674 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Qatar ETF in the 1st quarter valued at approximately $1,052,000. Sumitomo Mitsui Trust Group Inc. grew its holdings 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 valued at $361,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of iShares MSCI Qatar ETF during the 4th quarter valued at approximately $434,000.

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.