Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 438,229 shares of the company’s stock, valued at approximately $15,916,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nipun Capital L.P. acquired a new stake in iShares MSCI Saudi Arabia ETF during the 3rd quarter worth $14,989,000. Empowered Funds LLC acquired a new position in iShares MSCI Saudi Arabia ETF in the first quarter valued at $573,000. Bank of America Corp DE increased its stake in iShares MSCI Saudi Arabia ETF by 36.6% in the first quarter. Bank of America Corp DE now owns 515,183 shares of the company’s stock valued at $20,479,000 after purchasing an additional 138,006 shares during the period. Royal Bank of Canada increased its stake in iShares MSCI Saudi Arabia ETF by 206.0% in the first quarter. Royal Bank of Canada now owns 30,052 shares of the company’s stock valued at $1,195,000 after purchasing an additional 20,231 shares during the period. Finally, SummitTX Capital L.P. raised its holdings in shares of 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 valued at $1,022,000 after buying an additional 12,700 shares during the last quarter.
iShares MSCI Saudi Arabia ETF Stock Performance
Shares of NYSEARCA:KSA opened at $34.78 on Wednesday. iShares MSCI Saudi Arabia ETF has a one year low of $34.60 and a one year high of $41.17. The stock has a market capitalization of $561.70 million, a price-to-earnings ratio of 15.67 and a beta of 0.32. The company has a 50-day simple moving average of $37.39 and a 200-day simple moving average of $37.98.
About iShares MSCI Saudi Arabia ETF
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.
Further Reading
- Five stocks we like better than iShares MSCI Saudi Arabia ETF
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Want to see what other hedge funds are holding KSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report).
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.
