JPMorgan Chase & Co. Has $10.54 Million Stock Position in iShares MSCI Saudi Arabia ETF $KSA

JPMorgan Chase & Co. raised its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 4,994.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,649 shares of the company’s stock after purchasing an additional 254,552 shares during the period. JPMorgan Chase & Co. owned approximately 1.40% of iShares MSCI Saudi Arabia ETF worth $10,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KSA. Jane Street Group LLC acquired a new stake in iShares MSCI Saudi Arabia ETF during the second quarter worth $40,351,000. Mondrian Investment Partners LTD acquired a new position in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter valued at $33,223,000. Millennium Management LLC bought a new position in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter worth about $15,628,000. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Saudi Arabia ETF by 105.2% during the 3rd quarter. Bank of America Corp DE now owns 589,203 shares of the company’s stock worth $23,910,000 after acquiring an additional 302,092 shares during the period. Finally, Wealth High Governance Capital Ltda acquired a new stake in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $12,174,000.

iShares MSCI Saudi Arabia ETF Trading Down 1.3%

NYSEARCA KSA opened at $37.91 on Friday. The stock’s 50 day moving average is $38.45 and its two-hundred day moving average is $38.45. The company has a market capitalization of $636.89 million, a price-to-earnings ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a 1-year low of $35.81 and a 1-year high of $41.55.

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.