Sunbelt Securities Inc. Takes $522,000 Position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Sunbelt Securities Inc. acquired a new position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,821 shares of the company’s stock, valued at approximately $522,000. Sunbelt Securities Inc. owned about 0.06% of iShares MSCI Saudi Arabia ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KSA. Caprock Group LLC bought a new position in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter worth about $207,000. Raymond James Financial Services Advisors Inc. acquired a new position in iShares MSCI Saudi Arabia ETF in the fourth quarter valued at approximately $241,000. Barclays PLC bought a new position in shares of iShares MSCI Saudi Arabia ETF during the third quarter valued at approximately $310,000. Blue Trust Inc. raised its position in shares of iShares MSCI Saudi Arabia ETF by 3.1% during the 4th quarter. Blue Trust Inc. now owns 12,732 shares of the company’s stock worth $493,000 after purchasing an additional 377 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter worth approximately $947,000.

iShares MSCI Saudi Arabia ETF Price Performance

NYSEARCA:KSA opened at $40.33 on Thursday. iShares MSCI Saudi Arabia ETF has a 12-month low of $36.21 and a 12-month high of $45.10. The business has a 50 day simple moving average of $41.83 and a 200 day simple moving average of $42.83. The firm has a market capitalization of $754.17 million, a P/E ratio of 17.50 and a beta of 0.58.

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.