Allspring Global Investments Holdings LLC Decreases Stock Position in iShares MSCI Saudi Arabia ETF $KSA

Allspring Global Investments Holdings LLC trimmed its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,586 shares of the company’s stock after selling 44,291 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.68% of iShares MSCI Saudi Arabia ETF worth $10,253,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in iShares MSCI Saudi Arabia ETF by 4,994.2% in the third quarter. JPMorgan Chase & Co. now owns 259,649 shares of the company’s stock worth $10,537,000 after purchasing an additional 254,552 shares in the last quarter. Triumph Capital Management acquired a new stake in iShares MSCI Saudi Arabia ETF in the third quarter worth about $70,000. Moneda S.A. Administradora General de Fondos lifted its stake in shares of iShares MSCI Saudi Arabia ETF by 9.2% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 25,903 shares of the company’s stock worth $1,043,000 after acquiring an additional 2,175 shares during the period. Alpine Global Management LLC bought a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at $499,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares MSCI Saudi Arabia ETF during the third quarter valued at about $4,923,000.

iShares MSCI Saudi Arabia ETF Price Performance

NYSEARCA KSA opened at $39.38 on Monday. The company has a market capitalization of $740.34 million, a P/E ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a 12 month low of $35.81 and a 12 month high of $41.50. The company’s 50 day simple moving average is $38.54 and its 200 day simple moving average is $38.55.

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.