iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw unusually-high trading volume on Friday . Approximately 1,355,954 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 748,367 shares.The stock last traded at $36.82 and had previously closed at $36.92.

iShares MSCI Saudi Arabia ETF Stock Performance

The company has a fifty day simple moving average of $38.15 and a two-hundred day simple moving average of $38.38. The stock has a market capitalization of $642.86 million, a price-to-earnings ratio of 15.67 and a beta of 0.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KSA. Steward Partners Investment Advisory LLC lifted its holdings in shares of iShares MSCI Saudi Arabia ETF by 168.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock worth $25,000 after acquiring an additional 435 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in iShares MSCI Saudi Arabia ETF during the 1st quarter worth approximately $41,000. Farther Finance Advisors LLC increased its position in iShares MSCI Saudi Arabia ETF by 169.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,308 shares of the company’s stock worth $48,000 after purchasing an additional 822 shares in the last quarter. Triumph Capital Management bought a new position in iShares MSCI Saudi Arabia ETF in the 3rd quarter valued at approximately $70,000. Finally, Global Retirement Partners LLC acquired a new stake in iShares MSCI Saudi Arabia ETF in the fourth quarter valued at approximately $138,000.

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.