Waycross Investment Management Co Makes New Investment in iShares MSCI Kuwait ETF $KWT

Waycross Investment Management Co purchased a new stake in shares of iShares MSCI Kuwait ETF (BATS:KWT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 443,173 shares of the company’s stock, valued at approximately $16,158,000. iShares MSCI Kuwait ETF comprises 9.4% of Waycross Investment Management Co’s portfolio, making the stock its 3rd largest position. Waycross Investment Management Co owned about 0.19% of iShares MSCI Kuwait ETF at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KWT. Robbins Farley bought a new stake in shares of iShares MSCI Kuwait ETF in the 2nd quarter worth approximately $99,000. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Kuwait ETF by 25.8% during the 2nd 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. Militia Capital Management LLC bought a new position in shares of iShares MSCI Kuwait ETF during the 1st quarter valued at $282,000. First PREMIER Bank bought a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter valued at $299,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI Kuwait ETF by 21.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock worth $330,000 after purchasing an additional 1,600 shares during the period.

iShares MSCI Kuwait ETF Stock Down 0.5%

iShares MSCI Kuwait ETF stock opened at $37.62 on Thursday. The company has a market capitalization of $88.41 million, a PE ratio of 17.65 and a beta of 0.45. The firm has a fifty day simple moving average of $36.80 and a two-hundred day simple moving average of $37.19. iShares MSCI Kuwait ETF has a twelve month low of $35.54 and a twelve month high of $41.08.

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.