iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Stock Price Up 0.8% – Time to Buy?

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

(Get Free Report)

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.

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