iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Get Free Report)’s stock price were up 0.8% during trading on Monday. The company traded as high as $36.58 and last traded at $36.52. Approximately 597,206 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 667,864 shares. The stock had previously closed at $36.22.
iShares MSCI Saudi Arabia ETF Trading Up 0.8%
The firm’s 50-day moving average price is $37.76 and its 200-day moving average price is $38.18. The stock has a market capitalization of $589.80 million, a PE ratio of 15.67 and a beta of 0.32.
Institutional Investors Weigh In On iShares MSCI Saudi Arabia ETF
Several large investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd purchased a new stake in iShares MSCI Saudi Arabia ETF during the first quarter valued at approximately $255,000. Banque Cantonale Vaudoise increased its position in shares of iShares MSCI Saudi Arabia ETF by 6.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,667 shares of the company’s stock valued at $305,000 after purchasing an additional 485 shares during the last quarter. Empowered Funds LLC bought a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter valued at approximately $573,000. Blue Trust Inc. raised its holdings in iShares MSCI Saudi Arabia ETF by 65.8% during the 1st quarter. Blue Trust Inc. now owns 15,315 shares of the company’s stock valued at $609,000 after buying an additional 6,080 shares during the period. Finally, SummitTX Capital L.P. lifted its position in iShares MSCI Saudi Arabia ETF by 97.7% in the first quarter. SummitTX Capital L.P. now owns 25,700 shares of the company’s stock worth $1,022,000 after buying an additional 12,700 shares during the last quarter.
iShares MSCI Saudi Arabia ETF Company 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.
See Also
- Five stocks we like better than iShares MSCI Saudi Arabia ETF
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for iShares MSCI Saudi Arabia ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Saudi Arabia ETF and related companies with MarketBeat.com's FREE daily email newsletter.
