iShares MSCI Kuwait ETF (BATS:KWT) Shares Up 0.6% – Still a Buy?

iShares MSCI Kuwait ETF (BATS:KWT) were up 0.6% during trading on Thursday . The company traded as high as $36.60 and last traded at $36.47. Approximately 21,022 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 12,054 shares. The stock had previously closed at $36.26.

iShares MSCI Kuwait ETF Stock Up 0.6%

The stock has a fifty day moving average price of $37.48 and a two-hundred day moving average price of $38.75. The company has a market cap of $85.70 million, a price-to-earnings ratio of 17.65 and a beta of 0.45.

Institutional Trading of iShares MSCI Kuwait ETF

Institutional investors have recently bought and sold shares of the business. Shell Asset Management Co. raised its position in shares of iShares MSCI Kuwait ETF by 2.3% in the third quarter. Shell Asset Management Co. now owns 17,766 shares of the company’s stock valued at $703,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers increased its stake in iShares MSCI Kuwait ETF by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 81,280 shares of the company’s stock worth $3,081,000 after acquiring an additional 440 shares during the period. JPMorgan Chase & Co. increased its stake in iShares MSCI Kuwait ETF by 25.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock worth $153,000 after acquiring an additional 826 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in iShares MSCI Kuwait ETF by 36.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,523 shares of the company’s stock valued at $288,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Citadel Advisors LLC lifted 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 valued at $737,000 after acquiring 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.