iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sets New 12-Month Low – Here’s What Happened

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as $35.65 and last traded at $35.7050, with a volume of 35,906 shares trading hands. The stock had previously closed at $36.06.

iShares MSCI Saudi Arabia ETF Price Performance

The business has a 50 day simple moving average of $37.65 and a 200 day simple moving average of $38.12. The stock has a market cap of $578.01 million, a PE ratio of 15.67 and a beta of 0.32.

Institutional Investors Weigh In On iShares MSCI Saudi Arabia ETF

Several institutional investors have recently made changes to their positions in KSA. Nipun Capital L.P. acquired a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at $14,989,000. Bank of America Corp DE boosted its holdings in iShares MSCI Saudi Arabia ETF by 36.6% in the 1st quarter. Bank of America Corp DE now owns 515,183 shares of the company’s stock valued at $20,479,000 after purchasing an additional 138,006 shares during the period. Fifth Third Bancorp acquired a new stake in iShares MSCI Saudi Arabia ETF in the 1st quarter worth $5,080,000. Renaissance Technologies LLC grew its position 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 worth $3,756,000 after purchasing an additional 81,840 shares during the last quarter. Finally, Royal Bank of Canada grew its position in iShares MSCI Saudi Arabia ETF by 206.0% in the 1st quarter. Royal Bank of Canada now owns 30,052 shares of the company’s stock worth $1,195,000 after purchasing an additional 20,231 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.