iShares MSCI Qatar ETF (NASDAQ:QAT) Shares Up 0.8% – Here’s Why

iShares MSCI Qatar ETF (NASDAQ:QAT) shot up 0.8% on Monday . The stock traded as high as $18.44 and last traded at $18.44. 38,470 shares were traded during trading, an increase of 66% from the average session volume of 23,138 shares. The stock had previously closed at $18.30.

iShares MSCI Qatar ETF Trading Down 0.5 %

The firm has a market capitalization of $63.84 million, a price-to-earnings ratio of 10.78 and a beta of 0.48. The firm has a 50 day moving average price of $18.30 and a two-hundred day moving average price of $17.56.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

A hedge fund recently raised its stake in iShares MSCI Qatar ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in iShares MSCI Qatar ETF (NASDAQ:QAT) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,785 shares of the company’s stock after acquiring an additional 9,387 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned 4.05% of iShares MSCI Qatar ETF worth $2,629,000 as of its most recent SEC filing.

About iShares MSCI Qatar ETF

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.