Ion Asset Management Ltd. Purchases Shares of 26,300 iShares MSCI Saudi Arabia ETF $KSA

Ion Asset Management Ltd. acquired a new stake in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 26,300 shares of the company’s stock, valued at approximately $1,067,000.

A number of other institutional investors have also recently made changes to their positions in KSA. Geneos Wealth Management Inc. bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the first quarter worth about $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at approximately $69,000. BNP Paribas Financial Markets purchased a new position in iShares MSCI Saudi Arabia ETF during the 2nd quarter valued at approximately $164,000. Caprock Group LLC bought a new stake in iShares MSCI Saudi Arabia ETF in the 3rd quarter worth approximately $202,000. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter worth approximately $203,000.

iShares MSCI Saudi Arabia ETF Price Performance

Shares of KSA opened at $37.60 on Monday. The stock has a market capitalization of $631.68 million, a price-to-earnings ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a 1 year low of $35.81 and a 1 year high of $41.55. The business’s 50 day simple moving average is $38.33 and its 200-day simple moving average is $38.41.

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.