Royal Bank of Canada boosted its stake in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report) by 206.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,052 shares of the company’s stock after purchasing an additional 20,231 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI Saudi Arabia ETF were worth $1,195,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of KSA. Steward Partners Investment Advisory LLC increased its position in shares of iShares MSCI Saudi Arabia ETF by 168.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock worth $25,000 after purchasing an additional 435 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the 1st quarter valued at approximately $41,000. Farther Finance Advisors LLC grew its stake in shares of iShares MSCI Saudi Arabia ETF by 169.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,308 shares of the company’s stock valued at $48,000 after buying an additional 822 shares in the last quarter. Triumph Capital Management bought a new position in shares of iShares MSCI Saudi Arabia ETF in the third quarter valued at $70,000. Finally, Global Retirement Partners LLC acquired a new position in iShares MSCI Saudi Arabia ETF during the fourth quarter worth $138,000.
iShares MSCI Saudi Arabia ETF Trading Up 0.3%
Shares of KSA opened at $38.25 on Friday. The company’s fifty day simple moving average is $37.60 and its 200 day simple moving average is $38.30. iShares MSCI Saudi Arabia ETF has a 1-year low of $35.81 and a 1-year high of $41.50. The company has a market cap of $631.12 million, a price-to-earnings ratio of 15.67 and a beta of 0.29.
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.
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