Ninety One UK Ltd Sells 23,775 Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Ninety One UK Ltd decreased its position in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,815 shares of the company’s stock after selling 23,775 shares during the quarter. Ninety One UK Ltd owned approximately 1.64% of iShares MSCI Saudi Arabia ETF worth $12,489,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 3rd quarter worth $24,096,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of iShares MSCI Saudi Arabia ETF by 6.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 299,238 shares of the company’s stock worth $12,777,000 after acquiring an additional 17,887 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in iShares MSCI Saudi Arabia ETF by 6.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 131,049 shares of the company’s stock valued at $5,596,000 after buying an additional 7,476 shares during the period. Florin Court Capital LLP bought a new position in iShares MSCI Saudi Arabia ETF during the third quarter valued at about $3,852,000. Finally, abrdn plc grew its position in iShares MSCI Saudi Arabia ETF by 16.6% during the fourth quarter. abrdn plc now owns 57,103 shares of the company’s stock valued at $2,334,000 after buying an additional 8,133 shares during the period.

iShares MSCI Saudi Arabia ETF Stock Performance

KSA opened at $42.25 on Thursday. The firm has a market cap of $790.08 million, a P/E ratio of 17.50 and a beta of 0.58. The firm has a 50-day moving average of $41.48 and a 200 day moving average of $41.67. iShares MSCI Saudi Arabia ETF has a fifty-two week low of $39.38 and a fifty-two week high of $45.10.

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.