Checchi Capital Advisers LLC Buys 4,146 Shares of iShares MSCI Saudi Arabia ETF $KSA

Checchi Capital Advisers LLC boosted its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,387 shares of the company’s stock after acquiring an additional 4,146 shares during the period. Checchi Capital Advisers LLC owned 0.76% of iShares MSCI Saudi Arabia ETF worth $5,141,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of iShares MSCI Saudi Arabia ETF by 38.6% in the 1st quarter. SG Americas Securities LLC now owns 20,754 shares of the company’s stock worth $859,000 after purchasing an additional 5,783 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares MSCI Saudi Arabia ETF by 12.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,849 shares of the company’s stock valued at $656,000 after buying an additional 1,790 shares during the last quarter. CX Institutional purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter valued at $114,000. Russell Investments Group Ltd. purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter valued at $2,459,000. Finally, National Bank of Canada FI bought a new stake in iShares MSCI Saudi Arabia ETF in the 1st quarter valued at about $115,000.

iShares MSCI Saudi Arabia ETF Stock Performance

Shares of iShares MSCI Saudi Arabia ETF stock opened at $40.49 on Friday. iShares MSCI Saudi Arabia ETF has a 52-week low of $36.36 and a 52-week high of $42.56. The stock’s 50-day simple moving average is $38.00 and its 200 day simple moving average is $38.76. The stock has a market capitalization of $736.92 million, a P/E ratio of 15.67 and a beta of 0.56.

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.