Northern Trust Corp Grows Position in iShares MSCI Kuwait ETF $KWT

Northern Trust Corp raised its holdings in shares of iShares MSCI Kuwait ETF (BATS:KWT) by 1.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 294,709 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Northern Trust Corp owned about 0.13% of iShares MSCI Kuwait ETF worth $10,511,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Nissay Asset Management Corp Japan ADV grew its holdings in shares of iShares MSCI Kuwait ETF by 3.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 25,095 shares of the company’s stock worth $810,000 after buying an additional 800 shares in the last quarter. Comerica Bank grew its holdings in shares of iShares MSCI Kuwait ETF by 6.8% during the fourth quarter. Comerica Bank now owns 34,352 shares of the company’s stock worth $1,107,000 after buying an additional 2,200 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of iShares MSCI Kuwait ETF by 8.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,017 shares of the company’s stock worth $2,889,000 after buying an additional 6,286 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of iShares MSCI Kuwait ETF during the first quarter worth $25,926,000.

iShares MSCI Kuwait ETF Stock Up 8.1%

iShares MSCI Kuwait ETF stock opened at $38.40 on Friday. iShares MSCI Kuwait ETF has a 52-week low of $30.85 and a 52-week high of $40.10. The firm has a market capitalization of $90.24 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. The company has a fifty day simple moving average of $38.69 and a 200-day simple moving average of $36.89.

About iShares MSCI Kuwait ETF

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.