Sunbelt Securities Inc. Sells 383 Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Sunbelt Securities Inc. reduced its stake in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 8.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,319 shares of the company’s stock after selling 383 shares during the period. Sunbelt Securities Inc.’s holdings in iShares MSCI Saudi Arabia ETF were worth $184,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mondrian Investment Partners LTD grew its holdings in iShares MSCI Saudi Arabia ETF by 67.0% during the second quarter. Mondrian Investment Partners LTD now owns 595,693 shares of the company’s stock worth $25,079,000 after buying an additional 239,021 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter worth $24,096,000. Allspring Global Investments Holdings LLC raised its holdings in shares of iShares MSCI Saudi Arabia ETF by 16.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 544,304 shares of the company’s stock valued at $22,110,000 after purchasing an additional 75,908 shares during the last quarter. MBB Public Markets I LLC raised its holdings in shares of iShares MSCI Saudi Arabia ETF by 2,278.1% in the second quarter. MBB Public Markets I LLC now owns 499,400 shares of the company’s stock valued at $20,286,000 after purchasing an additional 478,400 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of iShares MSCI Saudi Arabia ETF by 18.9% during the second quarter. Ninety One UK Ltd now owns 342,648 shares of the company’s stock valued at $13,918,000 after purchasing an additional 54,535 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Stock Performance

Shares of KSA stock opened at $42.20 on Friday. The company has a market capitalization of $789.14 million, a price-to-earnings ratio of 17.50 and a beta of 0.58. iShares MSCI Saudi Arabia ETF has a 52-week low of $39.38 and a 52-week high of $45.10. The company has a 50-day simple moving average of $41.68 and a two-hundred day simple moving average 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.