iShares MSCI Qatar ETF (NASDAQ:QAT) Shares Down 0.2% – Time to Sell?

iShares MSCI Qatar ETF (NASDAQ:QAT)’s share price traded down 0.2% during mid-day trading on Tuesday. The stock traded as low as $15.30 and last traded at $15.2960. 8,599 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 32,632 shares. The stock had previously closed at $15.32.

iShares MSCI Qatar ETF Stock Performance

The stock’s 50-day moving average is $16.80 and its 200 day moving average is $17.87. The stock has a market capitalization of $52.77 million, a PE ratio of 11.93 and a beta of 0.41.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

A number of institutional investors and hedge funds have recently bought and sold shares of QAT. Citadel Advisors LLC purchased a new position in shares of iShares MSCI Qatar ETF during the second quarter worth about $276,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares MSCI Qatar ETF by 28.4% during the first 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares MSCI Qatar ETF by 15.3% during the first 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 in the last quarter. Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Qatar ETF during the first quarter worth about $1,052,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of iShares MSCI Qatar ETF in the 3rd quarter valued at about $2,957,000.

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.