iShares MSCI Qatar ETF (NASDAQ:QAT) Stock Falls 1.4% – Should You Sell?

by · The Markets Daily

iShares MSCI Qatar ETF (NASDAQ:QAT – Get Free Report) shares were down 1.4% during mid-day trading on Tuesday. The stock traded as low as $16.26 and last traded at $16.35. Approximately 37,421 shares traded hands during trading, an increase of 10% from the average session volume of 34,132 shares. The stock had previously closed at $16.58.

iShares MSCI Qatar ETF Stock Performance

The stock’s fifty day moving average is $17.30 and its two-hundred day moving average is $18.14. The firm has a market cap of $56.41 million, a price-to-earnings ratio of 11.93 and a beta of 0.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its holdings in shares of iShares MSCI Qatar ETF by 12.2% during the second quarter. TD Waterhouse Canada Inc. now owns 244,546 shares of the company’s stock valued at $4,422,000 after buying an additional 26,514 shares during the last quarter. Fifth Third Bancorp bought a new position in iShares MSCI Qatar ETF in the 1st quarter worth approximately $1,052,000. Bank of New York Mellon Corp grew its holdings in iShares MSCI Qatar ETF by 15.3% in the 1st quarter. Bank of New York Mellon Corp now owns 27,748 shares of the company’s stock worth $516,000 after buying an additional 3,674 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in iShares MSCI Qatar ETF by 28.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,433 shares of the company’s stock valued at $361,000 after acquiring an additional 4,300 shares during the period. Finally, Citadel Advisors LLC acquired a new position in iShares MSCI Qatar ETF during the 2nd quarter worth $276,000.

iShares MSCI Qatar ETF Company Profile

(Get Free Report)

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.

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