iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Reaches New 1-Year Low – Should You Sell?

Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) reached a new 52-week low during trading on Friday . The company traded as low as $39.25 and last traded at $39.09, with a volume of 414329 shares. The stock had previously closed at $40.61.

iShares MSCI Saudi Arabia ETF Stock Performance

The company has a market capitalization of $645.12 million, a P/E ratio of 17.99 and a beta of 0.56. The firm’s fifty day moving average is $41.35 and its 200 day moving average is $41.54.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KSA. Y Intercept Hong Kong Ltd purchased a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at $201,000. Fairtree Asset Management Pty Ltd purchased a new stake in shares of iShares MSCI Saudi Arabia ETF during the fourth quarter valued at $204,000. Custom Index Systems LLC bought a new position in shares of iShares MSCI Saudi Arabia ETF in the fourth quarter worth about $276,000. Denali Advisors LLC increased its stake in 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 worth $368,000 after buying an additional 300 shares during the period. Finally, Man Group plc lifted its holdings in iShares MSCI Saudi Arabia ETF by 47.5% during the 4th quarter. Man Group plc now owns 9,000 shares of the company’s stock valued at $368,000 after buying an additional 2,900 shares in the last quarter.

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.