Wealthfront Advisers LLC Takes Position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Wealthfront Advisers LLC bought a new stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,253,954 shares of the company’s stock, valued at approximately $51,211,000. Wealthfront Advisers LLC owned 0.07% of iShares MSCI Saudi Arabia ETF at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KSA. Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter worth about $201,000. Caprock Group LLC boosted its holdings in shares of iShares MSCI Saudi Arabia ETF by 8.5% during the third quarter. Caprock Group LLC now owns 5,582 shares of the company’s stock worth $238,000 after purchasing an additional 439 shares during the period. Custom Index Systems LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter valued at approximately $276,000. Denali Advisors LLC raised its holdings in iShares MSCI Saudi Arabia ETF by 3.4% during the fourth quarter. Denali Advisors LLC now owns 9,000 shares of the company’s stock valued at $368,000 after buying an additional 300 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of iShares MSCI Saudi Arabia ETF by 11.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,367 shares of the company’s stock worth $400,000 after buying an additional 970 shares during the period.

iShares MSCI Saudi Arabia ETF Stock Performance

Shares of KSA opened at $40.04 on Tuesday. The company has a 50-day simple moving average of $41.67 and a 200-day simple moving average of $41.72. The firm has a market capitalization of $616.62 million, a P/E ratio of 18.02 and a beta of 0.56. iShares MSCI Saudi Arabia ETF has a 52 week low of $39.38 and a 52 week high of $45.10.

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.