Denali Advisors LLC Increases Stake in iShares MSCI Saudi Arabia ETF $KSA

Denali Advisors LLC boosted its stake in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 18.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,700 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Denali Advisors LLC owned about 0.07% of iShares MSCI Saudi Arabia ETF worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in iShares MSCI Saudi Arabia ETF by 2.7% during the second quarter. Blue Trust Inc. now owns 16,554 shares of the company’s stock valued at $638,000 after purchasing an additional 443 shares in the last quarter. Blair William & Co. IL bought a new stake in iShares MSCI Saudi Arabia ETF during the second quarter valued at about $37,000. Checchi Capital Advisers LLC boosted its position in iShares MSCI Saudi Arabia ETF by 3.2% during the second quarter. Checchi Capital Advisers LLC now owns 133,387 shares of the company’s stock valued at $5,141,000 after purchasing an additional 4,146 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in iShares MSCI Saudi Arabia ETF during the second quarter valued at about $637,000. Finally, Vanderbilt University boosted its position in iShares MSCI Saudi Arabia ETF by 2.6% during the second quarter. Vanderbilt University now owns 127,533 shares of the company’s stock valued at $4,915,000 after purchasing an additional 3,200 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Price Performance

Shares of KSA stock opened at $40.51 on Thursday. iShares MSCI Saudi Arabia ETF has a 1-year low of $36.36 and a 1-year high of $42.56. The stock’s 50-day moving average is $38.79 and its 200 day moving average is $38.76. The company has a market cap of $751.46 million, a P/E ratio of 15.67 and a beta of 0.56.

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.