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

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw unusually-high trading volume on Wednesday . Approximately 576,289 shares traded hands during trading, an increase of 27% from the previous session’s volume of 452,906 shares.The stock last traded at $41.41 and had previously closed at $41.37.

iShares MSCI Saudi Arabia ETF Price Performance

The firm has a market cap of $684.82 million, a P/E ratio of 17.99 and a beta of 0.56. The company has a fifty day moving average of $41.45 and a 200-day moving average of $41.56.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in iShares MSCI Saudi Arabia ETF by 5.3% in the 4th quarter. Rhumbline Advisers now owns 334,840 shares of the company’s stock valued at $13,675,000 after buying an additional 16,833 shares during the last quarter. Axiom Investors LLC DE increased its position in shares of iShares MSCI Saudi Arabia ETF by 13.0% during the fourth quarter. Axiom Investors LLC DE now owns 34,800 shares of the company’s stock valued at $1,421,000 after acquiring an additional 4,000 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in iShares MSCI Saudi Arabia ETF by 2.0% during the fourth quarter. Gallacher Capital Management LLC now owns 14,727 shares of the company’s stock worth $601,000 after acquiring an additional 289 shares during the period. Martin Currie Ltd. boosted its position in iShares MSCI Saudi Arabia ETF by 5.7% in the fourth quarter. Martin Currie Ltd. now owns 742,559 shares of the company’s stock worth $30,326,000 after purchasing an additional 39,827 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in iShares MSCI Saudi Arabia ETF in the 3rd quarter valued at $201,000.

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.