iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Stake Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 328,235 shares of the company’s stock after purchasing an additional 28,997 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares MSCI Saudi Arabia ETF were worth $13,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KSA. Y Intercept Hong Kong Ltd acquired a new stake in iShares MSCI Saudi Arabia ETF in the third quarter worth about $201,000. Caprock Group LLC lifted its holdings in shares of iShares MSCI Saudi Arabia ETF by 8.5% in the third quarter. Caprock Group LLC now owns 5,582 shares of the company’s stock valued at $238,000 after buying an additional 439 shares during the period. Custom Index Systems LLC bought a new position in iShares MSCI Saudi Arabia ETF during the fourth quarter valued at about $276,000. OneDigital Investment Advisors LLC grew its holdings in iShares MSCI Saudi Arabia ETF by 11.6% during the third quarter. OneDigital Investment Advisors LLC now owns 9,367 shares of the company’s stock worth $400,000 after acquiring an additional 970 shares during the period. Finally, Blue Trust Inc. raised its position in iShares MSCI Saudi Arabia ETF by 37.6% in the third quarter. Blue Trust Inc. now owns 14,074 shares of the company’s stock worth $572,000 after acquiring an additional 3,849 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Trading Down 0.4 %

NYSEARCA:KSA opened at $42.07 on Friday. The company has a 50-day moving average of $41.56 and a 200-day moving average of $41.68. The firm has a market cap of $786.71 million, a price-to-earnings ratio of 17.50 and a beta of 0.58. iShares MSCI Saudi Arabia ETF has a twelve month low of $39.38 and a twelve month high of $45.10.

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.