Axiom Investors LLC DE Has $1.42 Million Position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Axiom Investors LLC DE grew its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 13.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,800 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Axiom Investors LLC DE’s holdings in iShares MSCI Saudi Arabia ETF were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd bought a new stake in iShares MSCI Saudi Arabia ETF in the 3rd quarter valued at $201,000. Custom Index Systems LLC acquired a new stake in shares of iShares MSCI Saudi Arabia ETF during the fourth quarter worth $276,000. Denali Advisors LLC boosted its position in shares of iShares MSCI Saudi Arabia ETF by 3.4% in the fourth quarter. Denali Advisors LLC now owns 9,000 shares of the company’s stock valued at $368,000 after acquiring an additional 300 shares during the period. Gallacher Capital Management LLC grew its stake in shares of iShares MSCI Saudi Arabia ETF by 2.0% in the fourth quarter. Gallacher Capital Management LLC now owns 14,727 shares of the company’s stock valued at $601,000 after acquiring an additional 289 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in iShares MSCI Saudi Arabia ETF during the fourth quarter worth about $619,000.

iShares MSCI Saudi Arabia ETF Stock Up 0.7 %

NYSEARCA KSA opened at $41.37 on Tuesday. The firm has a 50-day moving average price of $41.47 and a two-hundred day moving average price of $41.56. iShares MSCI Saudi Arabia ETF has a 12-month low of $39.38 and a 12-month high of $45.10. The company has a market capitalization of $684.67 million, a P/E ratio of 17.99 and a beta of 0.56.

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.