Prudential Financial Inc. lifted its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report) by 14.6% in the second quarter, Holdings Channel reports. The institutional investor owned 125,600 shares of the company’s stock after acquiring an additional 16,000 shares during the period. Prudential Financial Inc.’s holdings in iShares MSCI Saudi Arabia ETF were worth $4,841,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of KSA. Blair William & Co. IL bought a new position in iShares MSCI Saudi Arabia ETF during the second quarter worth about $37,000. Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $41,000. National Bank of Canada FI acquired a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $115,000. Nuveen LLC bought a new position in shares of iShares MSCI Saudi Arabia ETF during the first quarter worth approximately $406,000. Finally, Denali Advisors LLC raised its position in shares of iShares MSCI Saudi Arabia ETF by 18.2% in the second quarter. Denali Advisors LLC now owns 11,700 shares of the company’s stock valued at $451,000 after buying an additional 1,800 shares in the last quarter.
iShares MSCI Saudi Arabia ETF Trading Up 0.2%
Shares of KSA stock opened at $37.44 on Monday. The stock has a 50 day simple moving average of $39.74 and a 200 day simple moving average of $38.59. The stock has a market cap of $694.51 million, a P/E ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a 1 year low of $36.36 and a 1 year high of $42.56.
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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