Russell Investments Group Ltd. lowered its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report) by 10.3% in the fourth quarter, Holdings Channel reports. The firm owned 164,463 shares of the company’s stock after selling 18,900 shares during the period. Russell Investments Group Ltd.’s holdings in iShares MSCI Saudi Arabia ETF were worth $6,962,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates acquired a new position in iShares MSCI Saudi Arabia ETF during the third quarter worth $201,000. Caprock Group LLC acquired a new position in shares of iShares MSCI Saudi Arabia ETF during the 4th quarter worth approximately $207,000. Raymond James Financial Services Advisors Inc. acquired a new stake in iShares MSCI Saudi Arabia ETF during the fourth quarter worth about $241,000. Barclays PLC bought a new position in iShares MSCI Saudi Arabia ETF in the third quarter valued at about $310,000. Finally, Blue Trust Inc. grew its position in iShares MSCI Saudi Arabia ETF by 3.1% in the fourth quarter. Blue Trust Inc. now owns 12,732 shares of the company’s stock valued at $493,000 after acquiring an additional 377 shares during the last quarter.
iShares MSCI Saudi Arabia ETF Trading Up 0.5 %
NYSEARCA:KSA opened at $43.45 on Thursday. The stock’s 50-day moving average is $44.01 and its 200-day moving average is $42.25. The stock has a market cap of $812.52 million, a P/E ratio of 17.38 and a beta of 0.58. iShares MSCI Saudi Arabia ETF has a 1-year low of $36.21 and a 1-year high of $45.10.
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.
Featured Articles
- Five stocks we like better than iShares MSCI Saudi Arabia ETF
- What is a Special Dividend?
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- Investing in large cap stocks: Diving into big caps
- Generac Powers Ahead on the Electrification Mega-Trend
- Most active stocks: Dollar volume vs share volume
- PulteGroup Wins and Wins More on Interest Rate Cuts
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).
Receive News & Ratings for iShares MSCI Saudi Arabia ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Saudi Arabia ETF and related companies with MarketBeat.com's FREE daily email newsletter.
