Rhumbline Advisers Grows Stock Position in iShares MSCI Kuwait ETF (BATS:KWT)

Rhumbline Advisers boosted its stake in iShares MSCI Kuwait ETF (BATS:KWT) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,530 shares of the company’s stock after acquiring an additional 8,710 shares during the quarter. Rhumbline Advisers owned about 3.51% of iShares MSCI Kuwait ETF worth $2,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake 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 valued at $5,011,000 after buying an additional 12,432 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI Kuwait ETF during the 3rd quarter valued at approximately $455,000. Yousif Capital Management LLC boosted its stake in shares of iShares MSCI Kuwait ETF by 6.8% during the 4th 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 last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of iShares MSCI Kuwait ETF by 6.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,731 shares of the company’s stock valued at $2,408,000 after buying an additional 4,199 shares during the last quarter.

iShares MSCI Kuwait ETF Stock Performance

iShares MSCI Kuwait ETF stock opened at $35.50 on Monday. The stock has a market cap of $70.99 million, a PE ratio of 16.14 and a beta of 0.46. The firm’s 50 day simple moving average is $33.84 and its 200 day simple moving average is $32.87.

iShares MSCI Kuwait ETF 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.