188,364 Shares in iShares MSCI Kuwait ETF $KWT Bought by KFG Wealth Management LLC

KFG Wealth Management LLC acquired a new stake in shares of iShares MSCI Kuwait ETF (BATS:KWT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 188,364 shares of the company’s stock, valued at approximately $6,868,000. iShares MSCI Kuwait ETF comprises about 0.8% of KFG Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. KFG Wealth Management LLC owned 0.08% of iShares MSCI Kuwait ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KWT. Robbins Farley acquired a new position in iShares MSCI Kuwait ETF in the 2nd quarter worth about $99,000. JPMorgan Chase & Co. raised its stake in shares of iShares MSCI Kuwait ETF by 25.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock worth $153,000 after purchasing an additional 826 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of iShares MSCI Kuwait ETF during the 1st quarter valued at about $282,000. First PREMIER Bank acquired a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at about $299,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of iShares MSCI Kuwait ETF by 21.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock valued at $330,000 after buying an additional 1,600 shares during the last quarter.

iShares MSCI Kuwait ETF Stock Performance

Shares of BATS KWT opened at $37.62 on Thursday. The business has a 50 day simple moving average of $36.80 and a 200 day simple moving average of $37.19. iShares MSCI Kuwait ETF has a 52 week low of $35.54 and a 52 week high of $41.08. The stock has a market cap of $88.41 million, a price-to-earnings ratio of 17.65 and a beta of 0.45.

iShares MSCI Kuwait ETF Profile

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.