Gallacher Capital Management LLC Raises Stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Gallacher Capital Management LLC boosted its holdings in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 14,727 shares of the company’s stock after acquiring an additional 289 shares during the period. Gallacher Capital Management LLC’s holdings in iShares MSCI Saudi Arabia ETF were worth $601,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the third quarter valued at approximately $201,000. Caprock Group LLC raised its stake in iShares MSCI Saudi Arabia ETF by 8.5% during the third quarter. Caprock Group LLC now owns 5,582 shares of the company’s stock valued at $238,000 after buying an additional 439 shares during the last quarter. Custom Index Systems LLC purchased a new position in iShares MSCI Saudi Arabia ETF during the fourth quarter valued at $276,000. Denali Advisors LLC raised its stake in iShares MSCI Saudi Arabia ETF by 3.4% during the fourth quarter. Denali Advisors LLC now owns 9,000 shares of the company’s stock valued at $368,000 after buying an additional 300 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in iShares MSCI Saudi Arabia ETF by 11.6% during the third quarter. OneDigital Investment Advisors LLC now owns 9,367 shares of the company’s stock valued at $400,000 after buying an additional 970 shares during the last quarter.

iShares MSCI Saudi Arabia ETF Price Performance

KSA opened at $40.48 on Friday. The stock has a 50-day moving average price of $41.60 and a 200-day moving average price of $41.66. The firm has a market cap of $623.39 million, a PE ratio of 18.02 and a beta of 0.56. iShares MSCI Saudi Arabia ETF has a 1 year low of $39.38 and a 1 year high of $45.10.

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.