iShares MSCI Qatar ETF (NASDAQ:QAT) Trading Up 0.9% – Here’s Why

iShares MSCI Qatar ETF (NASDAQ:QAT)’s stock price traded up 0.9% during trading on Tuesday . The company traded as high as $19.38 and last traded at $19.36. 6,968 shares changed hands during trading, a decline of 38% from the average session volume of 11,189 shares. The stock had previously closed at $19.19.

iShares MSCI Qatar ETF Stock Up 0.9%

The company’s fifty day moving average is $19.03 and its two-hundred day moving average is $19.29. The firm has a market capitalization of $70.66 million, a price-to-earnings ratio of 11.93 and a beta of 0.43.

iShares MSCI Qatar ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.2267 per share. This represents a yield of 242.0%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

Several hedge funds and other institutional investors have recently made changes to their positions in QAT. Raymond James Financial Inc. acquired a new position in iShares MSCI Qatar ETF in the 2nd quarter valued at about $33,000. Sumitomo Mitsui Trust Group Inc. bought a new position in iShares MSCI Qatar ETF during the 3rd quarter worth $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in iShares MSCI Qatar ETF in the first quarter valued at about $391,000. Victory Capital Management Inc. acquired a new position in shares of iShares MSCI Qatar ETF in the 3rd quarter valued at approximately $405,000. Finally, Flow Traders U.S. LLC lifted its stake in iShares MSCI Qatar ETF by 57.0% during the third quarter. Flow Traders U.S. LLC now owns 32,360 shares of the company’s stock worth $632,000 after purchasing an additional 11,747 shares during the last quarter.

About iShares MSCI Qatar ETF

The iShares MSCI Qatar ETF (QAT) is an exchange-traded fund that is based on the MSCI All Qatar Capped index, a market-cap-weighted index of large-, mid and small-cap Qatari companies. QAT was launched on Apr 29, 2014 and is managed by BlackRock.