Shares of iShares MSCI Kuwait ETF (BATS:KWT – Get Free Report) shot up 11.1% during mid-day trading on Monday . The stock traded as high as $35.67 and last traded at $39.47. 1,915 shares were traded during trading, a decline of 82% from the average session volume of 10,905 shares. The stock had previously closed at $35.5362.
iShares MSCI Kuwait ETF Trading Up 11.1%
The firm has a 50-day moving average price of $39.64 and a 200-day moving average price of $38.61. The company has a market capitalization of $92.75 million, a price-to-earnings ratio of 17.65 and a beta of 0.45.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in iShares MSCI Kuwait ETF by 25.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after buying an additional 826 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in iShares MSCI Kuwait ETF during the 3rd quarter worth about $219,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in iShares MSCI Kuwait ETF during the 1st quarter valued at about $357,000. Shell Asset Management Co. boosted its stake in shares of iShares MSCI Kuwait ETF by 2.3% in the 3rd quarter. Shell Asset Management Co. now owns 17,766 shares of the company’s stock valued at $703,000 after purchasing an additional 400 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of iShares MSCI Kuwait ETF by 12.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,610 shares of the company’s stock worth $737,000 after buying an additional 2,051 shares during the period.
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.
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