Ninety One UK Ltd Raises Stock Position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Ninety One UK Ltd increased its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 411,746 shares of the company’s stock after acquiring an additional 21,558 shares during the quarter. Ninety One UK Ltd owned approximately 1.74% of iShares MSCI Saudi Arabia ETF worth $17,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KSA. Royal Bank of Canada boosted its stake in iShares MSCI Saudi Arabia ETF by 68.9% during the 2nd quarter. Royal Bank of Canada now owns 647 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in iShares MSCI Saudi Arabia ETF during the 1st quarter worth $36,000. Amundi acquired a new stake in iShares MSCI Saudi Arabia ETF during the 4th quarter worth $65,000. Bank of America Corp DE boosted its stake in iShares MSCI Saudi Arabia ETF by 21.3% during the 1st quarter. Bank of America Corp DE now owns 1,408 shares of the company’s stock worth $67,000 after purchasing an additional 247 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in iShares MSCI Saudi Arabia ETF during the 1st quarter worth $72,000.

iShares MSCI Saudi Arabia ETF Trading Up 0.8 %

Shares of KSA stock opened at $43.43 on Friday. The company’s 50-day moving average price is $44.33 and its 200-day moving average price is $41.71. The stock has a market cap of $812.14 million, a price-to-earnings ratio of 18.42 and a beta of 0.56. iShares MSCI Saudi Arabia ETF has a twelve month low of $36.21 and a twelve month high of $45.10.

iShares MSCI Saudi Arabia ETF 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.