Ninety One North America Inc. Sells 34,534 Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Ninety One North America Inc. cut its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 28.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,244 shares of the company’s stock after selling 34,534 shares during the quarter. Ninety One North America Inc. owned about 0.37% of iShares MSCI Saudi Arabia ETF worth $3,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in iShares MSCI Saudi Arabia ETF by 68.9% in the second quarter. Royal Bank of Canada now owns 647 shares of the company’s stock worth $26,000 after acquiring an additional 264 shares in the last quarter. Lazard Asset Management LLC bought a new stake in iShares MSCI Saudi Arabia ETF in the first quarter worth $36,000. Amundi bought a new stake in iShares MSCI Saudi Arabia ETF in the fourth quarter worth $65,000. Bank of America Corp DE boosted its holdings in iShares MSCI Saudi Arabia ETF by 21.3% in the first quarter. Bank of America Corp DE now owns 1,408 shares of the company’s stock worth $67,000 after acquiring an additional 247 shares in the last quarter. Finally, WCM Investment Management LLC bought a new stake in iShares MSCI Saudi Arabia ETF in the first quarter worth $72,000.

iShares MSCI Saudi Arabia ETF Stock Performance

Shares of KSA stock traded up $0.32 during mid-day trading on Thursday, hitting $43.42. The company’s stock had a trading volume of 159,289 shares, compared to its average volume of 565,700. iShares MSCI Saudi Arabia ETF has a 52-week low of $36.21 and a 52-week high of $45.10. The business has a 50-day moving average price of $44.32 and a 200 day moving average price of $41.70. The stock has a market cap of $811.95 million, a price-to-earnings ratio of 18.42 and a beta of 0.56.

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.