iShares MSCI Qatar ETF (NASDAQ:QAT – Get Free Report) dropped 0.2% on Tuesday. The stock traded as low as $15.30 and last traded at $15.2960. Approximately 8,599 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 32,632 shares. The stock had previously closed at $15.32.
iShares MSCI Qatar ETF Stock Down 0.0%
The stock has a market capitalization of $52.78 million, a PE ratio of 11.93 and a beta of 0.41. The business’s fifty day moving average is $16.75 and its 200-day moving average is $17.85.
Hedge Funds Weigh In On iShares MSCI Qatar ETF
A number of hedge funds have recently added to or reduced their stakes in QAT. Citadel Advisors LLC bought a new position in iShares MSCI Qatar ETF in the 2nd quarter worth approximately $276,000. Sumitomo Mitsui Trust Group Inc. increased its stake in iShares MSCI Qatar ETF by 28.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,433 shares of the company’s stock valued at $361,000 after acquiring an additional 4,300 shares during the period. Bank of New York Mellon Corp raised its stake in iShares MSCI Qatar ETF by 15.3% during the first quarter. Bank of New York Mellon Corp now owns 27,748 shares of the company’s stock worth $516,000 after acquiring an additional 3,674 shares in the last quarter. Fifth Third Bancorp bought a new position in iShares MSCI Qatar ETF during the 1st quarter valued at about $1,052,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of iShares MSCI Qatar ETF during the third quarter worth approximately $2,957,000.
iShares MSCI Qatar ETF Company Profile
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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