Rhumbline Advisers Sells 40,227 Shares of iShares MSCI Qatar ETF (NASDAQ:QAT)

Rhumbline Advisers reduced its stake in iShares MSCI Qatar ETF (NASDAQ:QAT) by 34.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,947 shares of the company’s stock after selling 40,227 shares during the period. Rhumbline Advisers owned 1.88% of iShares MSCI Qatar ETF worth $1,373,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in iShares MSCI Qatar ETF by 1,294.5% in the fourth quarter. Bank of America Corp DE now owns 13,122 shares of the company’s stock worth $235,000 after buying an additional 12,181 shares in the last quarter. Jane Street Group LLC raised its stake in iShares MSCI Qatar ETF by 111.8% in the fourth quarter. Jane Street Group LLC now owns 32,411 shares of the company’s stock worth $581,000 after buying an additional 17,110 shares in the last quarter. Wealthfront Advisers LLC bought a new position in iShares MSCI Qatar ETF in the fourth quarter worth about $591,000. Nissay Asset Management Corp Japan ADV raised its stake in iShares MSCI Qatar ETF by 1.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 51,416 shares of the company’s stock worth $912,000 after buying an additional 900 shares in the last quarter. Finally, Comerica Bank raised its stake in iShares MSCI Qatar ETF by 6.2% in the fourth quarter. Comerica Bank now owns 68,159 shares of the company’s stock worth $1,222,000 after buying an additional 4,000 shares in the last quarter.

iShares MSCI Qatar ETF Price Performance

QAT stock opened at $17.82 on Thursday. iShares MSCI Qatar ETF has a 1 year low of $16.33 and a 1 year high of $19.21. The company has a market cap of $78.41 million, a P/E ratio of 11.65 and a beta of 0.48. The firm has a 50-day moving average of $18.49 and a 200 day moving average of $18.11.

iShares MSCI Qatar ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.4339 per share. This is an increase from iShares MSCI Qatar ETF’s previous dividend of $0.29. The ex-dividend date is Monday, June 16th.

About iShares MSCI Qatar ETF

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.