iShares MSCI Kuwait ETF (BATS:KWT) Shares Down 0.5% – Should You Sell?

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

iShares MSCI Kuwait ETF Trading Down 0.1 %

The firm’s fifty day moving average price is $34.84 and its two-hundred day moving average price is $33.17. The stock has a market capitalization of $71.02 million, a PE ratio of 16.23 and a beta of 0.44.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

Several hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC purchased a new position in iShares MSCI Kuwait ETF during the fourth quarter worth approximately $307,000. Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI Kuwait ETF during the 3rd quarter valued at approximately $455,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of iShares MSCI Kuwait ETF by 3.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,095 shares of the company’s stock valued at $810,000 after buying an additional 800 shares in the last quarter. Comerica Bank grew its stake in iShares MSCI Kuwait ETF by 6.8% in the 4th quarter. Comerica Bank now owns 34,352 shares of the company’s stock valued at $1,107,000 after acquiring an additional 2,200 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in iShares MSCI Kuwait ETF by 6.8% in the 4th quarter. Yousif Capital Management LLC now owns 34,352 shares of the company’s stock worth $1,107,000 after acquiring an additional 2,200 shares in the last quarter.

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.