Ninety One UK Ltd Lowers Stock Holdings in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Ninety One UK Ltd trimmed its position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,815 shares of the company’s stock after selling 23,775 shares during the quarter. Ninety One UK Ltd’s holdings in iShares MSCI Saudi Arabia ETF were worth $12,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new stake in iShares MSCI Saudi Arabia ETF in the third quarter valued at approximately $201,000. Caprock Group LLC raised its stake in iShares MSCI Saudi Arabia ETF by 8.5% in the third quarter. Caprock Group LLC now owns 5,582 shares of the company’s stock valued at $238,000 after purchasing an additional 439 shares in the last quarter. Custom Index Systems LLC purchased a new stake in iShares MSCI Saudi Arabia ETF in the fourth quarter valued at approximately $276,000. OneDigital Investment Advisors LLC grew its position in iShares MSCI Saudi Arabia ETF by 11.6% during the third quarter. OneDigital Investment Advisors LLC now owns 9,367 shares of the company’s stock valued at $400,000 after acquiring an additional 970 shares during the last quarter. Finally, Blue Trust Inc. grew its position in iShares MSCI Saudi Arabia ETF by 37.6% during the third quarter. Blue Trust Inc. now owns 14,074 shares of the company’s stock valued at $572,000 after acquiring an additional 3,849 shares during the last quarter.

iShares MSCI Saudi Arabia ETF Price Performance

Shares of NYSEARCA KSA opened at $42.25 on Thursday. iShares MSCI Saudi Arabia ETF has a one year low of $39.38 and a one year high of $45.10. The firm’s 50 day simple moving average is $41.48 and its two-hundred day simple moving average is $41.67. The stock has a market capitalization of $790.08 million, a P/E ratio of 17.50 and a beta of 0.58.

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.