iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Reaches New 52-Week Low – What’s Next?

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $39.25 and last traded at $39.09, with a volume of 414329 shares. The stock had previously closed at $40.61.

iShares MSCI Saudi Arabia ETF Trading Down 4.0 %

The business has a 50-day moving average price of $41.35 and a 200 day moving average price of $41.54. The stock has a market capitalization of $645.12 million, a P/E ratio of 17.99 and a beta of 0.56.

Hedge Funds Weigh In On iShares MSCI Saudi Arabia ETF

Institutional investors have recently bought and sold shares of the business. Fairtree Asset Management Pty Ltd purchased a new stake in shares of iShares MSCI Saudi Arabia ETF during the 4th quarter valued at about $204,000. Mackenzie Financial Corp purchased a new stake in iShares MSCI Saudi Arabia ETF during the fourth quarter valued at approximately $4,733,000. Point72 Europe London LLP bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter valued at approximately $5,076,000. Man Group plc boosted its holdings in shares of iShares MSCI Saudi Arabia ETF by 47.5% in the 4th quarter. Man Group plc now owns 9,000 shares of the company’s stock worth $368,000 after purchasing an additional 2,900 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of iShares MSCI Saudi Arabia ETF by 6.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 109,283 shares of the company’s stock valued at $4,449,000 after purchasing an additional 6,600 shares during the last quarter.

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.