Ion Asset Management Ltd. Buys Shares of 26,300 iShares MSCI Saudi Arabia ETF $KSA

Ion Asset Management Ltd. acquired a new stake in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,300 shares of the company’s stock, valued at approximately $1,067,000. Ion Asset Management Ltd. owned about 0.14% of iShares MSCI Saudi Arabia ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Martin Currie Ltd. lifted its holdings in shares of iShares MSCI Saudi Arabia ETF by 75.7% during the 2nd quarter. Martin Currie Ltd. now owns 1,395,679 shares of the company’s stock valued at $53,789,000 after buying an additional 601,208 shares during the period. Jane Street Group LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the second quarter worth $40,351,000. Mondrian Investment Partners LTD purchased a new stake in iShares MSCI Saudi Arabia ETF during the third quarter valued at $33,223,000. Fisher Asset Management LLC lifted its holdings in iShares MSCI Saudi Arabia ETF by 2.7% in the third quarter. Fisher Asset Management LLC now owns 781,350 shares of the company’s stock valued at $31,707,000 after acquiring an additional 20,319 shares during the period. Finally, Bank of America Corp DE lifted its holdings in iShares MSCI Saudi Arabia ETF by 105.2% in the third quarter. Bank of America Corp DE now owns 589,203 shares of the company’s stock valued at $23,910,000 after acquiring an additional 302,092 shares during the period.

iShares MSCI Saudi Arabia ETF Stock Down 0.8%

iShares MSCI Saudi Arabia ETF stock opened at $37.60 on Monday. The business has a 50-day simple moving average of $38.33 and a two-hundred day simple moving average of $38.41. The company has a market cap of $631.68 million, a P/E ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a 52-week low of $35.81 and a 52-week high of $41.55.

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.