iShares MSCI Kuwait ETF (BATS:KWT) Stock Price Down 1.5% – Should You Sell?

iShares MSCI Kuwait ETF (BATS:KWT) traded down 1.5% during mid-day trading on Monday . The stock traded as low as $37.25 and last traded at $37.27. 958 shares traded hands during trading, a decline of 89% from the average session volume of 8,910 shares. The stock had previously closed at $37.83.

iShares MSCI Kuwait ETF Stock Performance

The stock has a market cap of $88.67 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. The firm’s 50-day simple moving average is $37.86 and its two-hundred day simple moving average is $37.83.

Institutional Trading of iShares MSCI Kuwait ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KWT. JPMorgan Chase & Co. boosted its position in iShares MSCI Kuwait ETF by 25.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after buying an additional 826 shares during the last quarter. Militia Capital Management LLC acquired a new position in shares of iShares MSCI Kuwait ETF during the first quarter valued at $282,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in iShares MSCI Kuwait ETF by 36.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,523 shares of the company’s stock valued at $288,000 after acquiring an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in iShares MSCI Kuwait ETF in the first quarter worth about $357,000. Finally, Ensign Peak Advisors Inc acquired a new position in iShares MSCI Kuwait ETF during the 4th quarter valued at about $458,000.

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.