Fifth Third Bancorp acquired a new position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 127,808 shares of the company’s stock, valued at approximately $5,080,000.
Several other hedge funds have also modified their holdings of KSA. Steward Partners Investment Advisory LLC boosted its position in shares of iShares MSCI Saudi Arabia ETF by 168.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock worth $25,000 after acquiring an additional 435 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in iShares MSCI Saudi Arabia ETF during the first quarter worth approximately $41,000. Farther Finance Advisors LLC raised its stake in iShares MSCI Saudi Arabia ETF by 169.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,308 shares of the company’s stock worth $48,000 after purchasing an additional 822 shares during the period. Triumph Capital Management acquired a new position in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter valued at $70,000. Finally, Global Retirement Partners LLC acquired a new position in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter valued at $138,000.
iShares MSCI Saudi Arabia ETF Stock Down 0.4%
Shares of NYSEARCA KSA opened at $36.79 on Friday. iShares MSCI Saudi Arabia ETF has a 52-week low of $35.81 and a 52-week high of $41.50. The firm has a fifty day moving average of $38.11 and a 200-day moving average of $38.37. The stock has a market capitalization of $641.99 million, a PE ratio of 15.67 and a beta of 0.29.
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.
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Want to see what other hedge funds are holding KSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Free Report).
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