iShares MSCI Qatar ETF (NASDAQ:QAT) Trading 0.9% Higher – Still a Buy?

iShares MSCI Qatar ETF (NASDAQ:QAT) rose 0.9% during trading on Tuesday . The company traded as high as $18.12 and last traded at $18.12. 2,902 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 8,796 shares. The stock had previously closed at $17.95.

iShares MSCI Qatar ETF Price Performance

The company has a market cap of $65.23 million, a PE ratio of 10.78 and a beta of 0.48. The company’s 50 day simple moving average is $17.93 and its two-hundred day simple moving average is $17.94.

iShares MSCI Qatar ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.2878 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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 increased its holdings in shares of iShares MSCI Qatar ETF (NASDAQ:QAT) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,949 shares of the company’s stock after buying an additional 7,164 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 4.14% of iShares MSCI Qatar ETF worth $2,671,000 at the end of the most recent quarter.

iShares MSCI Qatar ETF Company Profile

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.