iShares MSCI Kuwait ETF (BATS:KWT) Trading Up 5.3% – What’s Next?

iShares MSCI Kuwait ETF (BATS:KWT)’s stock price traded up 5.3% during trading on Friday . The company traded as high as $33.18 and last traded at $34.46. 9,978 shares changed hands during mid-day trading, The stock had previously closed at $32.73.

iShares MSCI Kuwait ETF Stock Up 5.3 %

The company has a 50 day moving average of $33.00 and a 200 day moving average of $32.51. The stock has a market capitalization of $80.98 million, a price-to-earnings ratio of 18.16 and a beta of 0.43.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

A number of institutional investors have recently bought and sold shares of KWT. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in iShares MSCI Kuwait ETF by 5.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 70,532 shares of the company’s stock worth $2,258,000 after acquiring an additional 3,350 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of iShares MSCI Kuwait ETF by 8.8% during the 3rd quarter. Bank of Montreal Can now owns 153,632 shares of the company’s stock worth $5,011,000 after purchasing an additional 12,432 shares during the period. Flow Traders U.S. LLC acquired a new stake in iShares MSCI Kuwait ETF during the 3rd quarter worth approximately $455,000. Rhumbline Advisers increased its position in iShares MSCI Kuwait ETF by 11.8% during the 4th quarter. Rhumbline Advisers now owns 82,530 shares of the company’s stock worth $2,659,000 after purchasing an additional 8,710 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in iShares MSCI Kuwait ETF by 6.8% in the fourth quarter. Yousif Capital Management LLC now owns 34,352 shares of the company’s stock valued at $1,107,000 after buying an additional 2,200 shares during the period.

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.