Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $34.60 and last traded at $34.6950, with a volume of 53,663 shares traded. The stock had previously closed at $35.14.
iShares MSCI Saudi Arabia ETF Price Performance
The company’s 50-day moving average price is $37.32 and its 200-day moving average price is $37.95. The company has a market cap of $557.98 million, a P/E ratio of 15.67 and a beta of 0.32.
Hedge Funds Weigh In On iShares MSCI Saudi Arabia ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KSA. Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the 1st quarter valued at about $255,000. Banque Cantonale Vaudoise lifted its holdings in shares of iShares MSCI Saudi Arabia ETF by 6.8% in the first quarter. Banque Cantonale Vaudoise now owns 7,667 shares of the company’s stock valued at $305,000 after purchasing an additional 485 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the first quarter valued at about $573,000. Blue Trust Inc. boosted its position in shares of iShares MSCI Saudi Arabia ETF by 65.8% during the first quarter. Blue Trust Inc. now owns 15,315 shares of the company’s stock worth $609,000 after buying an additional 6,080 shares during the period. Finally, SummitTX Capital L.P. boosted its position in shares of iShares MSCI Saudi Arabia ETF by 97.7% during the first quarter. SummitTX Capital L.P. now owns 25,700 shares of the company’s stock worth $1,022,000 after buying an additional 12,700 shares during the period.
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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