abrdn plc Sells 20,514 Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

abrdn plc lessened its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 29.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 48,970 shares of the company’s stock after selling 20,514 shares during the period. abrdn plc’s holdings in iShares MSCI Saudi Arabia ETF were worth $2,073,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Glovista Investments LLC raised its stake in iShares MSCI Saudi Arabia ETF by 83.1% during the third quarter. Glovista Investments LLC now owns 166,845 shares of the company’s stock worth $6,530,000 after buying an additional 75,729 shares during the last quarter. Yousif Capital Management LLC raised its stake in iShares MSCI Saudi Arabia ETF by 4.5% during the third quarter. Yousif Capital Management LLC now owns 121,590 shares of the company’s stock worth $4,710,000 after buying an additional 5,270 shares during the last quarter. Rhumbline Advisers raised its stake in iShares MSCI Saudi Arabia ETF by 1.5% during the third quarter. Rhumbline Advisers now owns 404,219 shares of the company’s stock worth $15,659,000 after buying an additional 5,791 shares during the last quarter. Martin Currie Ltd. increased its stake in iShares MSCI Saudi Arabia ETF by 0.3% in the third quarter. Martin Currie Ltd. now owns 670,027 shares of the company’s stock valued at $25,957,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Barclays PLC bought a new stake in iShares MSCI Saudi Arabia ETF in the third quarter valued at $310,000.

iShares MSCI Saudi Arabia ETF Trading Up 0.6 %

KSA opened at $42.76 on Monday. iShares MSCI Saudi Arabia ETF has a 1-year low of $36.21 and a 1-year high of $45.10. The company has a market cap of $799.61 million, a P/E ratio of 17.38 and a beta of 0.58. The company has a fifty day moving average price of $44.21 and a two-hundred day moving average price of $41.97.

iShares MSCI Saudi Arabia ETF 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.