Rhumbline Advisers Decreases Holdings in iShares MSCI Kuwait ETF $KWT

Rhumbline Advisers trimmed its holdings in shares of iShares MSCI Kuwait ETF (BATS:KWT) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,840 shares of the company’s stock after selling 1,690 shares during the period. Rhumbline Advisers owned 3.44% of iShares MSCI Kuwait ETF worth $2,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KWT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in iShares MSCI Kuwait ETF in the 1st quarter worth $357,000. Nissay Asset Management Corp Japan ADV lifted its holdings in iShares MSCI Kuwait ETF by 3.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,095 shares of the company’s stock worth $810,000 after buying an additional 800 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in iShares MSCI Kuwait ETF by 8.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,017 shares of the company’s stock worth $2,889,000 after buying an additional 6,286 shares in the last quarter. Northern Trust Corp lifted its holdings in iShares MSCI Kuwait ETF by 1.7% in the 1st quarter. Northern Trust Corp now owns 294,709 shares of the company’s stock worth $10,511,000 after buying an additional 5,000 shares in the last quarter. Finally, Korea Investment CORP lifted its holdings in iShares MSCI Kuwait ETF by 439.8% in the 1st quarter. Korea Investment CORP now owns 365,774 shares of the company’s stock worth $13,045,000 after buying an additional 298,019 shares in the last quarter.

iShares MSCI Kuwait ETF Stock Performance

Shares of iShares MSCI Kuwait ETF stock opened at $39.98 on Tuesday. The firm has a market cap of $93.94 million, a PE ratio of 17.65 and a beta of 0.45. The firm’s 50-day simple moving average is $38.85 and its 200-day simple moving average is $37.07. iShares MSCI Kuwait ETF has a 1 year low of $30.85 and a 1 year high of $40.10.

About iShares MSCI Kuwait ETF

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.