Blue Trust Inc. Increases Holdings in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Blue Trust Inc. boosted its holdings in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 17.9% during the second quarter, Holdings Channel reports. The firm owned 10,225 shares of the company’s stock after acquiring an additional 1,554 shares during the quarter. Blue Trust Inc.’s holdings in iShares MSCI Saudi Arabia ETF were worth $452,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $45,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 4th quarter worth approximately $241,000. Sunbelt Securities Inc. purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $522,000. Strategic Financial Concepts LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $625,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $688,000.

iShares MSCI Saudi Arabia ETF Trading Up 0.1 %

Shares of KSA stock traded up $0.04 during midday trading on Friday, reaching $41.57. 220,948 shares of the stock were exchanged, compared to its average volume of 540,897. iShares MSCI Saudi Arabia ETF has a 1 year low of $36.21 and a 1 year high of $45.10. The company’s 50 day moving average is $41.05 and its two-hundred day moving average is $42.53. The firm has a market cap of $777.36 million, a PE ratio of 17.50 and a beta of 0.58.

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.