iShares MSCI Kuwait ETF (BATS:KWT) Trading Up 0.1% – Here’s Why

iShares MSCI Kuwait ETF (BATS:KWT) traded up 0.1% during trading on Tuesday . The company traded as high as $32.61 and last traded at $32.61. 15 shares traded hands during trading, The stock had previously closed at $32.57.

iShares MSCI Kuwait ETF Stock Down 0.1 %

The firm’s 50 day moving average price is $32.09 and its two-hundred day moving average price is $32.33. The firm has a market capitalization of $76.56 million, a PE ratio of 18.16 and a beta of 0.43.

Hedge Funds Weigh In On iShares MSCI Kuwait ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the third quarter worth about $455,000. Bank of Montreal Can grew its stake in iShares MSCI Kuwait ETF by 8.8% during the 3rd quarter. Bank of Montreal Can now owns 153,632 shares of the company’s stock valued at $5,011,000 after purchasing an additional 12,432 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in iShares MSCI Kuwait ETF by 5.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 70,532 shares of the company’s stock worth $2,258,000 after purchasing an additional 3,350 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. acquired a new position in shares of iShares MSCI Kuwait ETF in the 2nd quarter valued at approximately $349,000.

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.