IFM Investors Pty Ltd Purchases Shares of 110,015 iShares MSCI Kuwait ETF $KWT

IFM Investors Pty Ltd acquired a new position in iShares MSCI Kuwait ETF (BATS:KWT) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 110,015 shares of the company’s stock, valued at approximately $4,351,000.

Several other hedge funds and other institutional investors have also modified their holdings of KWT. Rhumbline Advisers grew its holdings in shares of 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 purchasing an additional 440 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in 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 buying an additional 597 shares during the period. JPMorgan Chase & Co. lifted its position in iShares MSCI Kuwait ETF by 25.8% during the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after buying an additional 826 shares in the last quarter. Northern Trust Corp grew its stake in iShares MSCI Kuwait ETF by 1.7% during the first 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in iShares MSCI Kuwait ETF during the first quarter worth approximately $357,000.

iShares MSCI Kuwait ETF Trading Up 9.1%

Shares of KWT stock opened at $38.78 on Friday. The company’s fifty day simple moving average is $39.52 and its 200-day simple moving average is $38.96. iShares MSCI Kuwait ETF has a 52 week low of $30.85 and a 52 week high of $40.10. The company has a market cap of $91.13 million, a PE ratio of 17.65 and a beta of 0.45.

iShares MSCI Kuwait ETF 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.