iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Stock Price Down 0% – Here’s What Happened

Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) were down 0% during trading on Friday . The stock traded as low as $38.20 and last traded at $38.22. 373,871 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 686,604 shares. The stock had previously closed at $38.23.

iShares MSCI Saudi Arabia ETF Stock Performance

The company has a market capitalization of $630.63 million, a P/E ratio of 15.67 and a beta of 0.29. The firm has a 50 day moving average price of $37.80 and a two-hundred day moving average price of $38.25.

Institutional Investors Weigh In On iShares MSCI Saudi Arabia ETF

Several institutional investors and hedge funds have recently made changes to their positions in KSA. Steward Partners Investment Advisory LLC boosted its position in iShares MSCI Saudi Arabia ETF by 168.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock valued at $25,000 after buying an additional 435 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in iShares MSCI Saudi Arabia ETF in the 1st quarter valued at $41,000. Triumph Capital Management acquired a new stake in iShares MSCI Saudi Arabia ETF in the third quarter worth about $70,000. Global Retirement Partners LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF during the fourth quarter worth approximately $138,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of iShares MSCI Saudi Arabia ETF during the 2nd quarter valued at $164,000.

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.