NewEdge Advisors LLC Makes New Investment in iShares MSCI Kuwait ETF $KWT

NewEdge Advisors LLC bought a new position in iShares MSCI Kuwait ETF (BATS:KWT) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 3,590,576 shares of the company’s stock, valued at approximately $130,912,000. NewEdge Advisors LLC owned about 1.53% of iShares MSCI Kuwait ETF as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in KWT. IFP Advisors Inc bought a new position in shares of iShares MSCI Kuwait ETF in the 2nd quarter valued at about $13,277,000. Baird Financial Group Inc. bought a new stake in iShares MSCI Kuwait ETF during the second quarter worth approximately $41,315,000. XY Planning Network Inc. bought a new stake in iShares MSCI Kuwait ETF during the second quarter worth approximately $1,016,000. Mraz Amerine & Associates Inc. purchased a new stake in iShares MSCI Kuwait ETF during the second quarter valued at approximately $916,000. Finally, Allworth Financial LP purchased a new stake in iShares MSCI Kuwait ETF during the second quarter valued at approximately $12,195,000.

iShares MSCI Kuwait ETF Price Performance

BATS:KWT opened at $37.72 on Wednesday. The firm has a market capitalization of $88.64 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. iShares MSCI Kuwait ETF has a 1 year low of $35.54 and a 1 year high of $41.08. The business has a 50 day simple moving average of $36.90 and a 200-day simple moving average of $37.20.

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.