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

Waycross Investment Management Co bought a new stake in shares of iShares MSCI Kuwait ETF (BATS:KWT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 investment portfolio, making the stock its 3rd biggest position. Waycross Investment Management Co owned 18.86% of iShares MSCI Kuwait ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Robbins Farley bought a new position in shares of iShares MSCI Kuwait ETF in the 2nd quarter worth $99,000. JPMorgan Chase & Co. lifted 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 worth $153,000 after acquiring an additional 826 shares during the last quarter. Militia Capital Management LLC purchased a new position in iShares MSCI Kuwait ETF in the first quarter worth $282,000. First PREMIER Bank purchased a new position in iShares MSCI Kuwait ETF in the second quarter worth $299,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in iShares MSCI Kuwait ETF by 21.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock valued at $330,000 after acquiring an additional 1,600 shares during the last quarter.

iShares MSCI Kuwait ETF Stock Down 0.5%

KWT opened at $37.62 on Thursday. The business’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $37.19. iShares MSCI Kuwait ETF has a 52 week low of $35.54 and a 52 week high of $41.08. The stock has a market cap of $88.41 million, a PE ratio of 17.65 and a beta of 0.45.

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.