Rhumbline Advisers Acquires 17,059 Shares of iShares MSCI Saudi Arabia ETF $KSA

Rhumbline Advisers increased its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 4.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 390,114 shares of the company’s stock after buying an additional 17,059 shares during the quarter. Rhumbline Advisers owned 2.10% of iShares MSCI Saudi Arabia ETF worth $15,831,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC purchased a new position in iShares MSCI Saudi Arabia ETF in the third quarter valued at about $203,000. Gallacher Capital Management LLC increased its holdings in iShares MSCI Saudi Arabia ETF by 55.5% in the 3rd quarter. Gallacher Capital Management LLC now owns 32,204 shares of the company’s stock worth $1,307,000 after acquiring an additional 11,489 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in iShares MSCI Saudi Arabia ETF in the 3rd quarter valued at about $812,000. Y Intercept Hong Kong Ltd purchased a new stake in iShares MSCI Saudi Arabia ETF during the third quarter valued at about $769,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares MSCI Saudi Arabia ETF by 107.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,996 shares of the company’s stock worth $893,000 after purchasing an additional 11,400 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Stock Up 0.5%

NYSEARCA KSA opened at $39.12 on Thursday. The firm has a market cap of $657.22 million, a P/E ratio of 15.67 and a beta of 0.46. The company’s 50 day moving average is $37.95 and its 200-day moving average is $38.42. iShares MSCI Saudi Arabia ETF has a 12-month low of $35.81 and a 12-month high of $42.47.

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.