Sumitomo Mitsui DS Asset Management Company Ltd Acquires 4,199 Shares of iShares MSCI Kuwait ETF (BATS:KWT)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in iShares MSCI Kuwait ETF (BATS:KWT) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,731 shares of the company’s stock after purchasing an additional 4,199 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares MSCI Kuwait ETF were worth $2,408,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Kuwait ETF in the 3rd quarter valued at about $455,000. Yousif Capital Management LLC increased its stake in iShares MSCI Kuwait ETF by 6.8% in 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 during the period. Finally, Bank of Montreal Can lifted its position in 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 valued at $5,011,000 after purchasing an additional 12,432 shares during the last quarter.

iShares MSCI Kuwait ETF Stock Performance

BATS:KWT opened at $34.81 on Tuesday. The company’s fifty day moving average is $33.04 and its 200 day moving average is $32.54. The stock 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 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.