iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Strong Trading Volume

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSAGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 555,398 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 534,378 shares.The stock last traded at $43.66 and had previously closed at $44.16.

iShares MSCI Saudi Arabia ETF Stock Up 0.6 %

The company has a market capitalization of $1.03 billion, a PE ratio of 19.03 and a beta of 0.56. The stock’s fifty day simple moving average is $43.95 and its 200-day simple moving average is $41.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KSA. Advisor Group Holdings Inc. increased its holdings in iShares MSCI Saudi Arabia ETF by 85.9% in the first quarter. Advisor Group Holdings Inc. now owns 9,091 shares of the company’s stock valued at $431,000 after buying an additional 4,201 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $222,000. Barometer Capital Management Inc. purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $598,000. Arrowstreet Capital Limited Partnership increased its stake in shares of iShares MSCI Saudi Arabia ETF by 335.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 308,644 shares of the company’s stock worth $14,648,000 after purchasing an additional 237,816 shares in the last quarter. Finally, Flow Traders U.S. LLC increased its stake in shares of iShares MSCI Saudi Arabia ETF by 336.3% during the 1st quarter. Flow Traders U.S. LLC now owns 163,891 shares of the company’s stock worth $7,778,000 after purchasing an additional 126,323 shares in the last quarter.

About iShares MSCI Saudi Arabia ETF

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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.

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