Royal Bank of Canada Purchases 20,231 Shares of iShares MSCI Saudi Arabia ETF $KSA

Royal Bank of Canada lifted its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 206.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,052 shares of the company’s stock after buying an additional 20,231 shares during the period. Royal Bank of Canada owned about 0.16% of iShares MSCI Saudi Arabia ETF worth $1,195,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Jane Street Group LLC bought a new stake in iShares MSCI Saudi Arabia ETF in the 2nd quarter valued at approximately $40,351,000. Bank of America Corp DE boosted its position in iShares MSCI Saudi Arabia ETF by 105.2% during the 3rd quarter. Bank of America Corp DE now owns 589,203 shares of the company’s stock worth $23,910,000 after acquiring an additional 302,092 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of iShares MSCI Saudi Arabia ETF by 1.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 391,705 shares of the company’s stock worth $14,262,000 after acquiring an additional 5,638 shares in the last quarter. Millennium Management LLC bought a new position in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter worth approximately $15,628,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the fourth quarter valued at approximately $10,945,000.

iShares MSCI Saudi Arabia ETF Stock Up 0.3%

Shares of KSA stock opened at $38.25 on Friday. The company’s fifty day simple moving average is $37.60 and its 200-day simple moving average is $38.30. The firm has a market cap of $631.12 million, a PE ratio of 15.67 and a beta of 0.29. iShares MSCI Saudi Arabia ETF has a 12 month low of $35.81 and a 12 month high of $41.50.

iShares MSCI Saudi Arabia ETF 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.