Raymond James Financial Inc. Invests $619,000 in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Raymond James Financial Inc. purchased a new position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,152 shares of the company’s stock, valued at approximately $619,000.

A number of other institutional investors have also bought and sold shares of KSA. Fisher Asset Management LLC increased its holdings in iShares MSCI Saudi Arabia ETF by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 585,228 shares of the company’s stock valued at $23,901,000 after acquiring an additional 20,925 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of iShares MSCI Saudi Arabia ETF by 3.4% in the 4th quarter. Denali Advisors LLC now owns 9,000 shares of the company’s stock valued at $368,000 after purchasing an additional 300 shares during the last quarter. Rhumbline Advisers lifted its position in iShares MSCI Saudi Arabia ETF by 5.3% in the fourth quarter. Rhumbline Advisers now owns 334,840 shares of the company’s stock worth $13,675,000 after buying an additional 16,833 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of iShares MSCI Saudi Arabia ETF by 9.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 328,235 shares of the company’s stock worth $13,405,000 after purchasing an additional 28,997 shares during the period. Finally, Vanderbilt University boosted its position in shares of iShares MSCI Saudi Arabia ETF by 1.2% during the fourth quarter. Vanderbilt University now owns 123,393 shares of the company’s stock valued at $5,039,000 after buying an additional 1,419 shares during the period.

iShares MSCI Saudi Arabia ETF Stock Down 4.0 %

KSA stock opened at $38.98 on Monday. The business’s fifty day simple moving average is $41.35 and its two-hundred day simple moving average is $41.54. The firm has a market cap of $645.12 million, a price-to-earnings ratio of 17.99 and a beta of 0.56. iShares MSCI Saudi Arabia ETF has a twelve month low of $38.80 and a twelve month high of $45.10.

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.