Hsbc Holdings PLC Sells 99,840 Shares of iShares MSCI Saudi Arabia ETF $KSA

Hsbc Holdings PLC decreased its position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 51.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,852 shares of the company’s stock after selling 99,840 shares during the quarter. Hsbc Holdings PLC owned 0.57% of iShares MSCI Saudi Arabia ETF worth $3,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in shares of iShares MSCI Saudi Arabia ETF by 168.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock valued at $25,000 after acquiring an additional 435 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in iShares MSCI Saudi Arabia ETF in the first quarter worth $41,000. Farther Finance Advisors LLC raised its stake in iShares MSCI Saudi Arabia ETF by 169.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,308 shares of the company’s stock valued at $48,000 after purchasing an additional 822 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in iShares MSCI Saudi Arabia ETF during the third quarter valued at $69,000. Finally, Triumph Capital Management bought a new position in iShares MSCI Saudi Arabia ETF during the third quarter valued at $70,000.

iShares MSCI Saudi Arabia ETF Price Performance

Shares of NYSEARCA:KSA opened at $37.80 on Monday. The firm has a fifty day simple moving average of $38.71 and a two-hundred day simple moving average of $38.33. iShares MSCI Saudi Arabia ETF has a 52 week low of $35.81 and a 52 week high of $41.50. The stock has a market capitalization of $695.52 million, a P/E ratio of 15.67 and a beta of 0.29.

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.