Jim Saulnier & Associates LLC Invests $7.97 Million in iShares MSCI Kuwait ETF $KWT

Jim Saulnier & Associates LLC bought a new position in iShares MSCI Kuwait ETF (BATS:KWT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 218,496 shares of the company’s stock, valued at approximately $7,966,000. iShares MSCI Kuwait ETF makes up about 3.7% of Jim Saulnier & Associates LLC’s investment portfolio, making the stock its 5th biggest position. Jim Saulnier & Associates LLC owned 9.30% of iShares MSCI Kuwait ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KWT. United Community Bank bought a new stake in iShares MSCI Kuwait ETF during the second quarter worth approximately $612,000. KFG Wealth Management LLC acquired a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at $6,868,000. Waycross Investment Management Co acquired a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at $16,158,000. Alamar Capital Management LLC bought a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth $926,000. Finally, Robbins Farley bought a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth $99,000.

iShares MSCI Kuwait ETF Stock Up 0.2%

Shares of BATS KWT opened at $37.65 on Friday. The stock’s fifty day simple moving average is $36.85 and its 200 day simple moving average is $37.19. The stock has a market capitalization of $88.48 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. iShares MSCI Kuwait ETF has a 52-week low of $35.54 and a 52-week high of $41.08.

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.