iShares MSCI Kuwait ETF (BATS:KWT) Stock Price Down 0.1% – Here’s Why

Shares of iShares MSCI Kuwait ETF (BATS:KWT) traded down 0.1% during trading on Monday. The company traded as low as $34.79 and last traded at $34.88. 5,757 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 6,917 shares. The stock had previously closed at $34.90.

iShares MSCI Kuwait ETF Stock Down 0.1%

The business has a 50-day moving average price of $36.95 and a 200-day moving average price of $37.22. The firm has a market capitalization of $81.97 million, a PE ratio of 17.65 and a beta of 0.45.

Institutional Trading of iShares MSCI Kuwait ETF

Several institutional investors have recently made changes to their positions in the company. Mraz Amerine & Associates Inc. purchased a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth $916,000. Keeler Thomas Management LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the 2nd quarter worth approximately $2,338,000. KFG Wealth Management LLC purchased a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $6,868,000. Waycross Investment Management Co purchased a new stake in iShares MSCI Kuwait ETF in the second quarter valued at approximately $16,158,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of iShares MSCI Kuwait ETF during the second quarter worth $113,712,000.

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.