Clearbridge Investments LLC Lowers Holdings in iShares MSCI Saudi Arabia ETF $KSA

Clearbridge Investments LLC lowered its holdings in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,304,288 shares of the company’s stock after selling 91,391 shares during the quarter. Clearbridge Investments LLC owned 7.76% of iShares MSCI Saudi Arabia ETF worth $47,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF in the second quarter worth $40,351,000. Mondrian Investment Partners LTD purchased a new position in shares of iShares MSCI Saudi Arabia ETF in the third quarter worth $33,223,000. Fisher Asset Management LLC raised its stake in shares of iShares MSCI Saudi Arabia ETF by 2.7% in the third quarter. Fisher Asset Management LLC now owns 781,350 shares of the company’s stock worth $31,707,000 after purchasing an additional 20,319 shares during the last quarter. Bank of America Corp DE raised its stake in shares of iShares MSCI Saudi Arabia ETF by 105.2% in the third quarter. Bank of America Corp DE now owns 589,203 shares of the company’s stock worth $23,910,000 after purchasing an additional 302,092 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of iShares MSCI Saudi Arabia ETF by 1.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 391,705 shares of the company’s stock worth $14,262,000 after purchasing an additional 5,638 shares during the last quarter.

iShares MSCI Saudi Arabia ETF Price Performance

KSA stock opened at $38.54 on Wednesday. iShares MSCI Saudi Arabia ETF has a 1-year low of $35.81 and a 1-year high of $41.50. The business has a fifty day moving average price of $39.01 and a 200-day moving average price of $38.24. The stock has a market capitalization of $709.14 million, a P/E ratio of 15.67 and a beta of 0.29.

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.