Sumitomo Mitsui DS Asset Management Company Ltd Has $2.41 Million Stock Position in iShares MSCI Kuwait ETF (BATS:KWT)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of iShares MSCI Kuwait ETF (BATS:KWT) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,731 shares of the company’s stock after buying an additional 4,199 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned 3.18% of iShares MSCI Kuwait ETF worth $2,408,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of iShares MSCI Kuwait ETF by 8.8% in the third quarter. Bank of Montreal Can now owns 153,632 shares of the company’s stock worth $5,011,000 after acquiring an additional 12,432 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the 3rd quarter valued at approximately $455,000. Finally, Yousif Capital Management LLC increased its stake in iShares MSCI Kuwait ETF by 6.8% during the 4th quarter. Yousif Capital Management LLC now owns 34,352 shares of the company’s stock worth $1,107,000 after purchasing an additional 2,200 shares in the last quarter.

iShares MSCI Kuwait ETF Stock Performance

Shares of KWT opened at $34.81 on Tuesday. The firm has a fifty day moving average of $33.04 and a 200 day moving average of $32.54. The company has a market capitalization of $81.79 million, a price-to-earnings ratio of 18.16 and a beta of 0.43.

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.