Allianz Asset Management GmbH Invests $812,000 in iShares MSCI Saudi Arabia ETF $KSA

Allianz Asset Management GmbH acquired a new position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $812,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Martin Currie Ltd. increased its position in iShares MSCI Saudi Arabia ETF by 75.7% in the 2nd quarter. Martin Currie Ltd. now owns 1,395,679 shares of the company’s stock worth $53,789,000 after buying an additional 601,208 shares during the period. Jane Street Group LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the second quarter valued at approximately $40,351,000. Fisher Asset Management LLC grew its stake in shares of iShares MSCI Saudi Arabia ETF by 30.0% in the second quarter. Fisher Asset Management LLC now owns 761,031 shares of the company’s stock worth $29,330,000 after acquiring an additional 175,699 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of iShares MSCI Saudi Arabia ETF by 5.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 386,067 shares of the company’s stock worth $15,667,000 after acquiring an additional 19,101 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in iShares MSCI Saudi Arabia ETF by 1.3% during the second quarter. Schroder Investment Management Group now owns 220,976 shares of the company’s stock worth $8,516,000 after acquiring an additional 2,807 shares during the period.

iShares MSCI Saudi Arabia ETF Price Performance

NYSEARCA:KSA opened at $39.16 on Friday. iShares MSCI Saudi Arabia ETF has a one year low of $35.81 and a one year high of $42.55. The company has a fifty day moving average price of $37.85 and a 200 day moving average price of $38.38. The stock has a market cap of $657.89 million, a P/E ratio of 15.67 and a beta of 0.46.

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.