Nipun Capital L.P. Purchases New Shares in iShares MSCI Saudi Arabia ETF $KSA

Nipun Capital L.P. bought a new position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the 3rd quarter, Holdings Channel.com reports. The firm bought 412,700 shares of the company’s stock, valued at approximately $14,989,000. iShares MSCI Saudi Arabia ETF comprises 6.8% of Nipun Capital L.P.’s portfolio, making the stock its 5th largest holding.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in shares of iShares MSCI Saudi Arabia ETF by 36.6% during the 1st quarter. Bank of America Corp DE now owns 515,183 shares of the company’s stock worth $20,479,000 after purchasing an additional 138,006 shares in the last quarter. Fifth Third Bancorp purchased a new position in iShares MSCI Saudi Arabia ETF during the first quarter worth $5,080,000. Renaissance Technologies LLC raised its stake in iShares MSCI Saudi Arabia ETF by 646.4% in the 1st quarter. Renaissance Technologies LLC now owns 94,500 shares of the company’s stock valued at $3,756,000 after purchasing an additional 81,840 shares during the last quarter. Royal Bank of Canada raised its position in shares of iShares MSCI Saudi Arabia ETF by 206.0% in the first quarter. Royal Bank of Canada now owns 30,052 shares of the company’s stock valued at $1,195,000 after buying an additional 20,231 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in iShares MSCI Saudi Arabia ETF in the 1st quarter valued at $573,000.

iShares MSCI Saudi Arabia ETF Stock Performance

NYSEARCA KSA traded down $0.67 during trading hours on Thursday, hitting $36.06. 351,189 shares of the company’s stock were exchanged, compared to its average volume of 664,344. The firm has a market capitalization of $582.30 million, a P/E ratio of 15.67 and a beta of 0.32. iShares MSCI Saudi Arabia ETF has a 12-month low of $35.81 and a 12-month high of $41.17. The business’s 50 day moving average is $37.77 and its 200-day moving average is $38.17.

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.