iShares MSCI Kuwait ETF (BATS:KWT) Trading Down 0.5% – What’s Next?

iShares MSCI Kuwait ETF (BATS:KWT)’s share price traded down 0.5% during trading on Monday . The company traded as low as $35.46 and last traded at $35.36. 1,915 shares traded hands during trading, a decline of 77% from the average session volume of 8,276 shares. The stock had previously closed at $35.54.

iShares MSCI Kuwait ETF Price Performance

The stock has a 50 day simple moving average of $34.78 and a two-hundred day simple moving average of $33.15. The company has a market cap of $70.71 million, a price-to-earnings ratio of 16.34 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its position in iShares MSCI Kuwait ETF by 8.8% during the third quarter. Bank of Montreal Can now owns 153,632 shares of the company’s stock worth $5,011,000 after purchasing an additional 12,432 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of iShares MSCI Kuwait ETF by 6.8% during the 4th quarter. Yousif Capital Management LLC now owns 34,352 shares of the company’s stock worth $1,107,000 after buying an additional 2,200 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of iShares MSCI Kuwait ETF by 6.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,731 shares of the company’s stock valued at $2,408,000 after buying an additional 4,199 shares during the period. Flow Traders U.S. LLC acquired a new position in iShares MSCI Kuwait ETF in the third quarter valued at approximately $455,000. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in iShares MSCI Kuwait ETF by 3.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 25,095 shares of the company’s stock valued at $810,000 after acquiring an additional 800 shares during the last quarter.

iShares MSCI Kuwait ETF Company 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.