Straight Path Wealth Management purchased a new stake in iShares MSCI Kuwait ETF (BATS:KWT – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 96,720 shares of the company’s stock, valued at approximately $3,526,000. iShares MSCI Kuwait ETF comprises 0.8% of Straight Path Wealth Management’s holdings, making the stock its 20th biggest holding.
A number of other large investors have also modified their holdings of KWT. Compass Financial Management LLC acquired a new position in shares of iShares MSCI Kuwait ETF during the second quarter valued at about $53,000. Robbins Farley acquired a new stake in iShares MSCI Kuwait ETF in the 2nd quarter worth approximately $99,000. JPMorgan Chase & Co. boosted its stake 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 worth $153,000 after purchasing an additional 826 shares in the last quarter. Militia Capital Management LLC purchased a new stake in iShares MSCI Kuwait ETF during the 1st quarter worth approximately $282,000. Finally, First PREMIER Bank purchased a new stake in iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $299,000.
iShares MSCI Kuwait ETF Stock Performance
Shares of iShares MSCI Kuwait ETF stock opened at $37.65 on Monday. The firm’s 50 day simple moving average is $36.85 and its two-hundred day simple moving average is $37.19. The firm has a market capitalization of $88.48 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. iShares MSCI Kuwait ETF has a 12-month low of $35.54 and a 12-month high of $41.08.
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.
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