Fisher Asset Management LLC Boosts Stock Position in iShares MSCI Saudi Arabia ETF $KSA

Fisher Asset Management LLC grew its position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 781,350 shares of the company’s stock after acquiring an additional 20,319 shares during the period. Fisher Asset Management LLC’s holdings in iShares MSCI Saudi Arabia ETF were worth $31,707,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of KSA. Geneos Wealth Management Inc. purchased a new stake in iShares MSCI Saudi Arabia ETF in the first quarter valued at approximately $41,000. BNP Paribas Financial Markets acquired a new stake in iShares MSCI Saudi Arabia ETF during the 2nd quarter valued at approximately $164,000. Caprock Group LLC purchased a new stake in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter valued at $202,000. Stratos Wealth Advisors LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the third quarter worth $203,000. Finally, IHT Wealth Management LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the second quarter worth $300,000.

iShares MSCI Saudi Arabia ETF Stock Performance

NYSEARCA:KSA opened at $36.68 on Wednesday. The firm’s fifty day moving average is $38.13 and its two-hundred day moving average is $38.42. The firm has a market cap of $616.22 million, a price-to-earnings ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a one year low of $35.81 and a one year high of $41.55.

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.