Sumitomo Mitsui DS Asset Management Company Ltd Acquires 438,229 Shares of iShares MSCI Saudi Arabia ETF $KSA

Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 438,229 shares of the company’s stock, valued at approximately $15,916,000. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 2.71% of iShares MSCI Saudi Arabia ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KSA. Y Intercept Hong Kong Ltd purchased a new position in iShares MSCI Saudi Arabia ETF in the first quarter valued at $255,000. Banque Cantonale Vaudoise lifted its holdings in iShares MSCI Saudi Arabia ETF by 6.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,667 shares of the company’s stock worth $305,000 after buying an additional 485 shares during the last quarter. Empowered Funds LLC purchased a new stake in iShares MSCI Saudi Arabia ETF during the 1st quarter worth about $573,000. Blue Trust Inc. lifted its holdings in iShares MSCI Saudi Arabia ETF by 65.8% during the 1st 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 last quarter. Finally, SummitTX Capital L.P. boosted its position in shares of iShares MSCI Saudi Arabia ETF by 97.7% during the 1st quarter. SummitTX Capital L.P. now owns 25,700 shares of the company’s stock worth $1,022,000 after acquiring an additional 12,700 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Stock Down 1.0%

KSA stock opened at $34.78 on Wednesday. The business has a 50 day moving average price of $37.39 and a 200 day moving average price of $37.98. The stock has a market cap of $561.70 million, a price-to-earnings ratio of 15.67 and a beta of 0.32. iShares MSCI Saudi Arabia ETF has a fifty-two week low of $34.60 and a fifty-two week high of $41.17.

iShares MSCI Saudi Arabia ETF 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.