iShares MSCI Qatar ETF (NASDAQ:QAT) Stock Price Down 1.6%

iShares MSCI Qatar ETF (NASDAQ:QAT) shares were down 1.6% during mid-day trading on Monday . The stock traded as low as $17.13 and last traded at $17.14. Approximately 2,047 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 22,871 shares. The stock had previously closed at $17.42.

iShares MSCI Qatar ETF Stock Performance

The stock’s 50-day moving average is $17.73 and its two-hundred day moving average is $17.46. The stock has a market cap of $78.03 million, a PE ratio of 10.96 and a beta of 0.48.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QAT. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in iShares MSCI Qatar ETF by 1.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 120,610 shares of the company’s stock worth $2,187,000 after purchasing an additional 1,905 shares in the last quarter. Citigroup Inc. grew its position in shares of iShares MSCI Qatar ETF by 118.1% during the third quarter. Citigroup Inc. now owns 5,302 shares of the company’s stock worth $92,000 after buying an additional 2,871 shares in the last quarter. Knollwood Investment Advisory LLC purchased a new stake in shares of iShares MSCI Qatar ETF during the third quarter worth approximately $221,000. Rock Creek Group LP raised its holdings in iShares MSCI Qatar ETF by 1,942.3% in the third quarter. Rock Creek Group LP now owns 421,274 shares of the company’s stock valued at $7,326,000 after acquiring an additional 400,647 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in iShares MSCI Qatar ETF by 17.4% in the third quarter. Rhumbline Advisers now owns 189,449 shares of the company’s stock worth $3,295,000 after acquiring an additional 28,063 shares during the last 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.