SG Americas Securities LLC Sells 94,771 Shares of iShares MSCI Saudi Arabia ETF $KSA

SG Americas Securities LLC decreased its position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 86.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,204 shares of the company’s stock after selling 94,771 shares during the period. SG Americas Securities LLC owned approximately 0.09% of iShares MSCI Saudi Arabia ETF worth $554,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in iShares MSCI Saudi Arabia ETF during the 1st quarter valued at about $41,000. Gordian Capital Singapore Pte Ltd bought a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $69,000. Triumph Capital Management bought a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $70,000. BNP Paribas Financial Markets bought a new position in iShares MSCI Saudi Arabia ETF during the 2nd quarter valued at about $164,000. Finally, Caprock Group LLC bought a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $202,000.

iShares MSCI Saudi Arabia ETF Stock Performance

KSA opened at $39.69 on Monday. The stock has a market capitalization of $730.30 million, a P/E ratio of 15.67 and a beta of 0.35. The company’s 50-day simple moving average is $38.49 and its two-hundred day simple moving average is $38.56. iShares MSCI Saudi Arabia ETF has a 52-week low of $35.81 and a 52-week high of $41.50.

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.