iShares MSCI Qatar ETF (NASDAQ:QAT) Shares Down 2% – Time to Sell?

Shares of iShares MSCI Qatar ETF (NASDAQ:QAT) dropped 2% during mid-day trading on Monday . The company traded as low as $18.20 and last traded at $18.25. Approximately 1,294,591 shares traded hands during trading, an increase of 2,835% from the average daily volume of 44,116 shares. The stock had previously closed at $18.62.

iShares MSCI Qatar ETF Trading Down 2.0%

The company has a market cap of $90.34 million, a P/E ratio of 11.93 and a beta of 0.38. The stock’s 50-day moving average price is $18.90 and its 200-day moving average price is $19.11.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in iShares MSCI Qatar ETF in the 2nd quarter valued at about $33,000. Bank of New York Mellon Corp lifted its position in iShares MSCI Qatar ETF by 15.3% in the 1st quarter. Bank of New York Mellon Corp now owns 27,748 shares of the company’s stock valued at $516,000 after acquiring an additional 3,674 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in iShares MSCI Qatar ETF by 3.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 174,669 shares of the company’s stock valued at $3,287,000 after acquiring an additional 5,913 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in iShares MSCI Qatar ETF by 58.8% in 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.