iShares MSCI Qatar ETF (NASDAQ:QAT) Stock Price Down 2% – Here’s Why

Shares of iShares MSCI Qatar ETF (NASDAQ:QAT – Get Free Report) were down 2% during mid-day trading on Monday . The stock traded as low as $18.20 and last traded at $18.25. Approximately 1,294,591 shares changed hands during mid-day 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 Stock Performance

The company has a 50-day simple moving average of $18.91 and a 200-day simple moving average of $19.11. The company has a market cap of $91.67 million, a price-to-earnings ratio of 11.93 and a beta of 0.38.

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Hedge Funds Weigh In On iShares MSCI Qatar ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in QAT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in iShares MSCI Qatar ETF during the 1st quarter worth approximately $391,000. Jane Street Group LLC increased its position in iShares MSCI Qatar ETF by 57.7% during the 1st quarter. Jane Street Group LLC now owns 51,125 shares of the company’s stock worth $912,000 after purchasing an additional 18,714 shares during the period. JPMorgan Chase & Co. increased its position in iShares MSCI Qatar ETF by 1,090.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 216,306 shares of the company’s stock worth $4,028,000 after purchasing an additional 198,137 shares during the period. Raymond James Financial Inc. acquired a new position in iShares MSCI Qatar ETF during the 2nd quarter worth approximately $33,000. Finally, Rhumbline Advisers increased its position in iShares MSCI Qatar ETF by 12.6% during the 3rd quarter. Rhumbline Advisers now owns 123,539 shares of the company’s stock worth $2,413,000 after purchasing an additional 13,855 shares during the period.

iShares MSCI Qatar ETF Company Profile

(Get Free Report)

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.

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