Straight Path Wealth Management Acquires New Stake in iShares MSCI Kuwait ETF $KWT

Straight Path Wealth Management purchased a new position in iShares MSCI Kuwait ETF (BATS:KWT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 96,720 shares of the company’s stock, valued at approximately $3,526,000. iShares MSCI Kuwait ETF comprises 0.8% of Straight Path Wealth Management’s investment portfolio, making the stock its 20th largest position. Straight Path Wealth Management owned about 4.12% of iShares MSCI Kuwait ETF at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Denver PWM LLC bought a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth $76,999,000. Midwest Professional Planners LTD. bought a new stake in shares of iShares MSCI Kuwait ETF in the second quarter valued at about $22,836,000. Waycross Investment Management Co purchased a new stake in iShares MSCI Kuwait ETF in the second quarter worth about $16,158,000. Jane Street Group LLC purchased a new stake in iShares MSCI Kuwait ETF in the second quarter worth about $10,561,000. Finally, Jim Saulnier & Associates LLC purchased a new stake in iShares MSCI Kuwait ETF in the second quarter worth about $7,966,000.

iShares MSCI Kuwait ETF Stock Performance

BATS KWT opened at $37.65 on Monday. The company has a market cap of $88.48 million, a PE ratio of 17.65 and a beta of 0.45. The firm’s 50 day moving average price is $36.85 and its 200-day moving average price is $37.19. iShares MSCI Kuwait ETF has a 52-week low of $35.54 and a 52-week high of $41.08.

iShares MSCI Kuwait ETF 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.