iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Get Free Report) saw unusually-high trading volume on Friday . 1,355,954 shares changed hands during trading, an increase of 81% from the previous session’s volume of 748,367 shares.The stock last traded at $36.82 and had previously closed at $36.92.
iShares MSCI Saudi Arabia ETF Stock Down 0.2%
The stock has a market capitalization of $642.86 million, a price-to-earnings ratio of 15.67 and a beta of 0.29. The company’s 50-day simple moving average is $38.15 and its 200 day simple moving average is $38.38.
Hedge Funds Weigh In On iShares MSCI Saudi Arabia ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in KSA. M&T Bank Corp acquired a new position in iShares MSCI Saudi Arabia ETF in the fourth quarter valued at about $1,807,000. JPMorgan Chase & Co. lifted its stake in iShares MSCI Saudi Arabia ETF by 4,994.2% in the third quarter. JPMorgan Chase & Co. now owns 259,649 shares of the company’s stock valued at $10,537,000 after buying an additional 254,552 shares during the period. Triumph Capital Management acquired a new stake in iShares MSCI Saudi Arabia ETF in the third quarter worth $70,000. Moneda S.A. Administradora General de Fondos grew its position in shares of iShares MSCI Saudi Arabia ETF by 9.2% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 25,903 shares of the company’s stock valued at $1,043,000 after purchasing an additional 2,175 shares during the period. Finally, Banque Cantonale Vaudoise lifted its position in iShares MSCI Saudi Arabia ETF by 6.8% in the 1st quarter. Banque Cantonale Vaudoise now owns 7,667 shares of the company’s stock valued at $305,000 after acquiring an additional 485 shares in the last quarter.
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.
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