iShares MSCI Qatar ETF (NASDAQ:QAT) Stock Price Down 0.5% – Time to Sell?

iShares MSCI Qatar ETF (NASDAQ:QAT)’s stock price dropped 0.5% during trading on Monday . The stock traded as low as $18.54 and last traded at $18.58. Approximately 3,286 shares changed hands during trading, a decline of 89% from the average daily volume of 30,004 shares. The stock had previously closed at $18.68.

iShares MSCI Qatar ETF Price Performance

The company has a market capitalization of $92.02 million, a P/E ratio of 11.93 and a beta of 0.38. The company has a fifty day moving average price of $18.82 and a 200 day moving average price of $19.16.

Institutional Trading of iShares MSCI Qatar ETF

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in iShares MSCI Qatar ETF during the 2nd quarter worth $33,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of iShares MSCI Qatar ETF during the third quarter valued at $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of iShares MSCI Qatar ETF during the first quarter valued at about $391,000. Victory Capital Management Inc. bought a new stake in shares of iShares MSCI Qatar ETF during the third quarter valued at about $405,000. Finally, Mackenzie Financial Corp acquired a new stake in iShares MSCI Qatar ETF in the fourth quarter worth about $434,000.

About iShares MSCI Qatar ETF

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.