iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Strong Trading Volume – Should You Buy?

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares saw unusually-high trading volume on Monday . Approximately 448,635 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 413,996 shares.The stock last traded at $40.95 and had previously closed at $40.48.

iShares MSCI Saudi Arabia ETF Stock Up 1.1 %

The firm’s 50-day moving average price is $41.60 and its two-hundred day moving average price is $41.65. The firm has a market capitalization of $630.55 million, a PE ratio of 18.02 and a beta of 0.56.

Institutional Trading of iShares MSCI Saudi Arabia ETF

Institutional investors have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC lifted its stake in shares of iShares MSCI Saudi Arabia ETF by 11.6% in the third quarter. OneDigital Investment Advisors LLC now owns 9,367 shares of the company’s stock worth $400,000 after buying an additional 970 shares during the last quarter. Caprock Group LLC lifted its stake in shares of iShares MSCI Saudi Arabia ETF by 8.5% in the third quarter. Caprock Group LLC now owns 5,582 shares of the company’s stock worth $238,000 after buying an additional 439 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter worth $24,096,000. DRW Securities LLC acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter worth $1,728,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter worth $201,000.

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.