Shares of iShares MSCI Kuwait ETF (BATS:KWT – Get Free Report) dropped 0.1% on Monday. The company traded as low as $34.79 and last traded at $34.88. 5,757 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 6,917 shares. The stock had previously closed at $34.90.
iShares MSCI Kuwait ETF Stock Performance
The company’s 50-day simple moving average is $36.95 and its 200 day simple moving average is $37.22. The company has a market cap of $81.97 million, a PE ratio of 17.65 and a beta of 0.45.
Institutional Investors Weigh In On iShares MSCI Kuwait ETF
Several institutional investors have recently modified their holdings of the company. Mraz Amerine & Associates Inc. acquired a new position in iShares MSCI Kuwait ETF in the second quarter valued at approximately $916,000. Keeler Thomas Management LLC purchased a new position in shares of iShares MSCI Kuwait ETF in the 2nd quarter valued at approximately $2,338,000. KFG Wealth Management LLC acquired a new stake in shares of iShares MSCI Kuwait ETF in the 2nd quarter worth $6,868,000. Waycross Investment Management Co acquired a new position in iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $16,158,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of iShares MSCI Kuwait ETF in the second quarter valued at approximately $113,712,000.
About iShares MSCI Kuwait ETF
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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