iShares MSCI Qatar ETF (NASDAQ:QAT) Trading Down 0.6% – Should You Sell?

Shares of iShares MSCI Qatar ETF (NASDAQ:QAT) traded down 0.6% during mid-day trading on Wednesday . The stock traded as low as $18.77 and last traded at $18.89. 15,655 shares were traded during trading, an increase of 22% from the average session volume of 12,868 shares. The stock had previously closed at $19.01.

iShares MSCI Qatar ETF Price Performance

The stock has a market capitalization of $68.95 million, a P/E ratio of 11.93 and a beta of 0.43. The company’s 50 day simple moving average is $19.60 and its two-hundred day simple moving average is $19.44.

iShares MSCI Qatar ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Qatar ETF

Several institutional investors have recently bought and sold shares of QAT. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Qatar ETF during the second quarter worth $33,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of iShares MSCI Qatar ETF in the third quarter valued at about $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in iShares MSCI Qatar ETF during the 1st quarter worth about $391,000. Victory Capital Management Inc. bought a new stake in iShares MSCI Qatar ETF during the 3rd quarter worth about $405,000. Finally, Mackenzie Financial Corp acquired a new stake in iShares MSCI Qatar ETF in the 4th quarter valued at about $434,000.

iShares MSCI Qatar ETF Company Profile

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.