iShares MSCI Kuwait ETF (BATS:KWT) Trading Down 0.4% – Here’s What Happened

iShares MSCI Kuwait ETF (BATS:KWT) shares traded down 0.4% during trading on Tuesday . The stock traded as low as $36.46 and last traded at $36.46. 11,009 shares traded hands during trading, an increase of 26% from the average session volume of 8,720 shares. The stock had previously closed at $36.59.

iShares MSCI Kuwait ETF Stock Down 0.4%

The business’s fifty day moving average is $37.88 and its two-hundred day moving average is $37.58. The firm has a market cap of $85.68 million, a price-to-earnings ratio of 17.65 and a beta of 0.45.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

Several hedge funds and other institutional investors have recently made changes to their positions in KWT. Jane Street Group LLC bought a new stake in shares of iShares MSCI Kuwait ETF during the second quarter worth $10,561,000. Geode Capital Management LLC acquired a new position in shares of iShares MSCI Kuwait ETF during the fourth quarter valued at $2,409,000. Fifth Third Bancorp bought a new position in iShares MSCI Kuwait ETF in the first quarter valued at about $1,241,000. JPMorgan Chase & Co. boosted its holdings in iShares MSCI Kuwait ETF by 573.4% in the third quarter. JPMorgan Chase & Co. now owns 27,144 shares of the company’s stock valued at $1,074,000 after acquiring an additional 23,113 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in iShares MSCI Kuwait ETF in the fourth quarter worth about $484,000.

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.