iShares MSCI Qatar ETF (NASDAQ:QAT) Shares Up 0.9% – Still a Buy?

Shares of iShares MSCI Qatar ETF (NASDAQ:QAT) traded up 0.9% during trading on Tuesday . The company traded as high as $17.43 and last traded at $17.39. 6,213 shares were traded during trading, a decline of 83% from the average daily volume of 36,428 shares. The stock had previously closed at $17.23.

iShares MSCI Qatar ETF Stock Down 0.5%

The company has a market capitalization of $62.10 million, a PE ratio of 11.93 and a beta of 0.38. The stock’s fifty day simple moving average is $17.56 and its 200-day simple moving average is $18.37.

iShares MSCI Qatar ETF Announces Dividend

The company also recently declared a semiannual dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 15th were issued a $0.624 dividend. The ex-dividend date was Monday, June 15th. This represents a dividend yield of 674.0%.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Qatar ETF during the 1st quarter worth $1,052,000. Sumitomo Mitsui Trust Group Inc. grew its stake in iShares MSCI Qatar ETF by 28.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,433 shares of the company’s stock valued at $361,000 after acquiring an additional 4,300 shares during the last quarter. Jane Street Group LLC grew its stake in iShares MSCI Qatar ETF by 54.3% in the 4th quarter. Jane Street Group LLC now owns 60,306 shares of the company’s stock valued at $1,135,000 after acquiring an additional 21,221 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in iShares MSCI Qatar ETF during the 4th quarter valued at about $463,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in iShares MSCI Qatar ETF by 58.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,636 shares of the company’s stock valued at $618,000 after acquiring an additional 11,710 shares in the last quarter.

iShares MSCI Qatar ETF Company Profile

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.