JPMorgan Chase & Co. Cuts Stock Holdings in iShares MSCI Qatar ETF (NASDAQ:QAT)

JPMorgan Chase & Co. lowered its holdings in iShares MSCI Qatar ETF (NASDAQ:QAT) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,472 shares of the company’s stock after selling 1,822 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.68% of iShares MSCI Qatar ETF worth $439,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of QAT. Wealthfront Advisers LLC acquired a new position in iShares MSCI Qatar ETF during the 4th quarter valued at about $591,000. Yousif Capital Management LLC grew its position in iShares MSCI Qatar ETF by 6.2% during the fourth quarter. Yousif Capital Management LLC now owns 68,159 shares of the company’s stock valued at $1,222,000 after buying an additional 4,000 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in iShares MSCI Qatar ETF by 5.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 148,949 shares of the company’s stock worth $2,671,000 after purchasing an additional 7,164 shares during the period.

iShares MSCI Qatar ETF Stock Performance

Shares of NASDAQ QAT opened at $18.34 on Friday. iShares MSCI Qatar ETF has a one year low of $16.29 and a one year high of $18.82. The firm has a fifty day moving average of $17.88 and a 200 day moving average of $18.01. The firm has a market cap of $80.70 million, a PE ratio of 11.25 and a beta of 0.48.

iShares MSCI Qatar ETF 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.