Integrated Wealth Concepts LLC acquired a new stake in iShares MSCI Kuwait ETF (BATS:KWT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,118,826 shares of the company’s stock, valued at approximately $113,712,000. iShares MSCI Kuwait ETF accounts for about 0.7% of Integrated Wealth Concepts LLC’s investment portfolio, making the stock its 25th biggest position. Integrated Wealth Concepts LLC owned about 1.33% of iShares MSCI Kuwait ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mraz Amerine & Associates Inc. purchased a new position in iShares MSCI Kuwait ETF during the second quarter worth about $916,000. Keeler Thomas Management LLC acquired a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $2,338,000. Waycross Investment Management Co acquired a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $16,158,000. KFG Wealth Management LLC purchased a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at approximately $6,868,000. Finally, Highland Financial Advisors LLC purchased a new stake in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at approximately $1,245,000.
iShares MSCI Kuwait ETF Stock Performance
KWT opened at $37.72 on Wednesday. iShares MSCI Kuwait ETF has a one year low of $35.54 and a one year high of $41.08. The business’s 50 day moving average price is $36.90 and its 200 day moving average price is $37.20. The stock has a market capitalization of $88.64 million, a PE ratio of 17.65 and a beta of 0.45.
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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