Hsbc Holdings PLC lessened its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report) by 51.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,852 shares of the company’s stock after selling 99,840 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI Saudi Arabia ETF were worth $3,486,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in KSA. Jane Street Group LLC purchased a new position in iShares MSCI Saudi Arabia ETF in the second quarter worth $40,351,000. Millennium Management LLC purchased a new stake in iShares MSCI Saudi Arabia ETF during the third quarter valued at about $15,628,000. Bank of America Corp DE lifted its stake in iShares MSCI Saudi Arabia ETF by 105.2% during 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. OLD Mission Capital LLC bought a new stake in iShares MSCI Saudi Arabia ETF during the fourth quarter worth about $10,945,000. Finally, Wealth High Governance Capital Ltda bought a new stake in iShares MSCI Saudi Arabia ETF during the third quarter worth about $12,174,000.
iShares MSCI Saudi Arabia ETF Trading Up 0.2%
KSA opened at $37.25 on Friday. The stock has a market capitalization of $650.01 million, a P/E ratio of 15.67 and a beta of 0.29. The stock has a 50-day moving average price of $38.28 and a 200-day moving average price of $38.35. iShares MSCI Saudi Arabia ETF has a 12-month low of $35.81 and a 12-month high of $41.50.
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.
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Want to see what other hedge funds are holding KSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report).
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