Clearbridge Investments LLC Trims Position in iShares MSCI Saudi Arabia ETF $KSA

Clearbridge Investments LLC lessened its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,304,288 shares of the company’s stock after selling 91,391 shares during the quarter. Clearbridge Investments LLC owned 0.08% of iShares MSCI Saudi Arabia ETF worth $47,489,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in iShares MSCI Saudi Arabia ETF during the second quarter valued at $40,351,000. Mondrian Investment Partners LTD purchased a new stake in iShares MSCI Saudi Arabia ETF during the third quarter valued at $33,223,000. Fisher Asset Management LLC increased its position in iShares MSCI Saudi Arabia ETF by 2.7% during the third quarter. Fisher Asset Management LLC now owns 781,350 shares of the company’s stock valued at $31,707,000 after acquiring an additional 20,319 shares during the last quarter. Bank of America Corp DE increased its position in iShares MSCI Saudi Arabia ETF by 105.2% during the third quarter. Bank of America Corp DE now owns 589,203 shares of the company’s stock valued at $23,910,000 after acquiring an additional 302,092 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in iShares MSCI Saudi Arabia ETF by 1.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 391,705 shares of the company’s stock valued at $14,262,000 after acquiring an additional 5,638 shares during the last quarter.

iShares MSCI Saudi Arabia ETF Stock Performance

iShares MSCI Saudi Arabia ETF stock opened at $38.54 on Wednesday. The stock has a market cap of $709.14 million, a PE ratio of 15.67 and a beta of 0.29. iShares MSCI Saudi Arabia ETF has a one year low of $35.81 and a one year high of $41.50. The stock has a fifty day moving average of $39.01 and a 200 day moving average of $38.24.

iShares MSCI Saudi Arabia ETF Company 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.