iShares MSCI Qatar ETF (NASDAQ:QAT) Shares Down 0.5% – Should You Sell?

iShares MSCI Qatar ETF (NASDAQ:QATGet Free Report)’s share price fell 0.5% on Monday . The company traded as low as $18.54 and last traded at $18.58. 3,286 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 30,004 shares. The stock had previously closed at $18.68.

iShares MSCI Qatar ETF Stock Performance

The firm has a market capitalization of $91.97 million, a PE ratio of 11.93 and a beta of 0.38. The business’s 50 day moving average is $18.84 and its two-hundred day moving average is $19.17.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in iShares MSCI Qatar ETF in the 2nd quarter valued at approximately $33,000. Bank of New York Mellon Corp grew its stake 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 buying an additional 3,674 shares in the last quarter. 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 buying an additional 4,300 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake 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 buying an additional 5,913 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 buying an additional 11,710 shares in the last quarter.

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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