iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Hits New 1-Year Low – Time to Sell?

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $35.95 and last traded at $35.9990, with a volume of 78206 shares traded. The stock had previously closed at $36.81.

iShares MSCI Saudi Arabia ETF Stock Down 2.3%

The firm’s 50-day moving average price is $39.09 and its two-hundred day moving average price is $38.43. The firm has a market capitalization of $667.32 million, a PE ratio of 15.67 and a beta of 0.46.

Institutional Trading of iShares MSCI Saudi Arabia ETF

A number of hedge funds have recently modified their holdings of KSA. Blair William & Co. IL acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the second quarter worth $37,000. Geneos Wealth Management Inc. purchased a new stake in iShares MSCI Saudi Arabia ETF in the 1st quarter worth about $41,000. Gordian Capital Singapore Pte Ltd purchased a new stake in iShares MSCI Saudi Arabia ETF in the 3rd quarter worth about $69,000. Triumph Capital Management acquired a new stake in iShares MSCI Saudi Arabia ETF during the 3rd quarter worth about $70,000. Finally, National Bank of Canada FI purchased a new position in iShares MSCI Saudi Arabia ETF during the 1st quarter valued at about $115,000.

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.