iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Shares Down 0.2% – Here’s Why

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares fell 0.2% during trading on Monday . The company traded as low as $39.51 and last traded at $39.79. 920,099 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 932,005 shares. The stock had previously closed at $39.86.

iShares MSCI Saudi Arabia ETF Price Performance

The company has a 50 day moving average of $37.47 and a two-hundred day moving average of $38.29. The company has a market capitalization of $668.47 million, a PE ratio of 15.67 and a beta of 0.46.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Blair William & Co. IL bought a new stake in iShares MSCI Saudi Arabia ETF during the second quarter worth about $37,000. Geneos Wealth Management Inc. purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the first quarter valued at approximately $41,000. Farther Finance Advisors LLC boosted its position in shares of iShares MSCI Saudi Arabia ETF by 169.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,308 shares of the company’s stock worth $48,000 after purchasing an additional 822 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter worth approximately $69,000. Finally, Triumph Capital Management purchased a new stake in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter worth approximately $70,000.

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.