Wealth High Governance Capital Ltda Makes New $12.17 Million Investment in iShares MSCI Saudi Arabia ETF $KSA

Wealth High Governance Capital Ltda purchased a new position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the third quarter, HoldingsChannel reports. The firm purchased 300,000 shares of the company’s stock, valued at approximately $12,174,000. iShares MSCI Saudi Arabia ETF comprises 3.5% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in iShares MSCI Saudi Arabia ETF during the third quarter worth approximately $812,000. Yousif Capital Management LLC lifted its position in iShares MSCI Saudi Arabia ETF by 14.8% in the third quarter. Yousif Capital Management LLC now owns 158,124 shares of the company’s stock worth $6,417,000 after purchasing an additional 20,350 shares during the period. Fisher Asset Management LLC boosted its stake in iShares MSCI Saudi Arabia ETF by 30.0% during the 2nd quarter. Fisher Asset Management LLC now owns 761,031 shares of the company’s stock valued at $29,330,000 after purchasing an additional 175,699 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at $769,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of iShares MSCI Saudi Arabia ETF by 5.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 386,067 shares of the company’s stock valued at $15,667,000 after purchasing an additional 19,101 shares during the period.

iShares MSCI Saudi Arabia ETF Price Performance

Shares of KSA traded down $0.11 during midday trading on Friday, reaching $37.79. The stock had a trading volume of 155,631 shares, compared to its average volume of 1,044,362. iShares MSCI Saudi Arabia ETF has a 52 week low of $35.81 and a 52 week high of $41.55. The firm’s 50 day moving average price is $38.31 and its 200-day moving average price is $38.41. The company has a market capitalization of $634.87 million, a P/E ratio of 15.67 and a beta of 0.46.

iShares MSCI Saudi Arabia ETF Profile

The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.