iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC lessened its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,170 shares of the company’s stock after selling 280 shares during the quarter. Gallacher Capital Management LLC owned about 0.08% of iShares MSCI Saudi Arabia ETF worth $576,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new position in iShares MSCI Saudi Arabia ETF in the first quarter valued at approximately $45,000. Blue Trust Inc. increased its position in shares of iShares MSCI Saudi Arabia ETF by 17.9% in the second quarter. Blue Trust Inc. now owns 10,225 shares of the company’s stock worth $452,000 after acquiring an additional 1,554 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in shares of iShares MSCI Saudi Arabia ETF by 2.5% in the 2nd quarter. Banque Cantonale Vaudoise now owns 12,654 shares of the company’s stock valued at $514,000 after acquiring an additional 310 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of iShares MSCI Saudi Arabia ETF during the 1st quarter valued at $522,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of iShares MSCI Saudi Arabia ETF during the first quarter worth about $688,000.

iShares MSCI Saudi Arabia ETF Stock Performance

KSA stock opened at $41.76 on Friday. The firm has a market cap of $780.91 million, a P/E ratio of 17.50 and a beta of 0.58. iShares MSCI Saudi Arabia ETF has a 1 year low of $36.21 and a 1 year high of $45.10. The stock has a 50-day simple moving average of $41.51 and a 200-day simple moving average of $42.41.

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.