Driehaus Capital Management LLC Cuts Stock Holdings in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Driehaus Capital Management LLC lowered its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 37.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,232 shares of the company’s stock after selling 52,388 shares during the quarter. Driehaus Capital Management LLC’s holdings in iShares MSCI Saudi Arabia ETF were worth $3,522,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Custom Index Systems LLC acquired a new stake in iShares MSCI Saudi Arabia ETF in the 4th quarter valued at about $276,000. Denali Advisors LLC lifted its position in iShares MSCI Saudi Arabia ETF by 3.4% during the fourth quarter. Denali Advisors LLC now owns 9,000 shares of the company’s stock worth $368,000 after buying an additional 300 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in iShares MSCI Saudi Arabia ETF by 39,269.4% during the fourth quarter. BNP Paribas Financial Markets now owns 14,173 shares of the company’s stock worth $579,000 after buying an additional 14,137 shares during the last quarter. Gallacher Capital Management LLC grew its holdings in iShares MSCI Saudi Arabia ETF by 2.0% in the 4th quarter. Gallacher Capital Management LLC now owns 14,727 shares of the company’s stock valued at $601,000 after buying an additional 289 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter worth $619,000.

iShares MSCI Saudi Arabia ETF Trading Up 0.3 %

Shares of KSA stock opened at $39.54 on Friday. iShares MSCI Saudi Arabia ETF has a twelve month low of $37.89 and a twelve month high of $43.42. The company’s 50-day moving average price is $40.22 and its 200-day moving average price is $41.15. The stock has a market cap of $697.88 million, a price-to-earnings ratio of 18.08 and a beta of 0.49.

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.