iShares MSCI Kuwait ETF (BATS:KWT) Trading Up 11.2% – Here’s What Happened

iShares MSCI Kuwait ETF (BATS:KWT) shares were up 11.2% during mid-day trading on Monday . The company traded as high as $35.67 and last traded at $39.52. Approximately 1,915 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 10,905 shares. The stock had previously closed at $35.54.

iShares MSCI Kuwait ETF Price Performance

The company has a fifty day moving average of $39.21 and a 200-day moving average of $37.67. The firm has a market capitalization of $92.87 million, a PE ratio of 17.65 and a beta of 0.45.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of iShares MSCI Kuwait ETF by 25.8% in the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after purchasing an additional 826 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of iShares MSCI Kuwait ETF in the first quarter valued at about $357,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Kuwait ETF in the second quarter valued at about $793,000. Nissay Asset Management Corp Japan ADV grew its position in shares of iShares MSCI Kuwait ETF by 2.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 25,692 shares of the company’s stock valued at $916,000 after purchasing an additional 597 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of iShares MSCI Kuwait ETF by 8.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,017 shares of the company’s stock valued at $2,889,000 after purchasing an additional 6,286 shares during the last quarter.

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.