Hsbc Holdings PLC Sells 99,840 Shares of iShares MSCI Saudi Arabia ETF $KSA

Hsbc Holdings PLC decreased its stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 51.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,852 shares of the company’s stock after selling 99,840 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI Saudi Arabia ETF were worth $3,486,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its holdings in iShares MSCI Saudi Arabia ETF by 168.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock valued at $25,000 after buying an additional 435 shares during the period. Geneos Wealth Management Inc. purchased a new position in iShares MSCI Saudi Arabia ETF during the first quarter worth $41,000. Farther Finance Advisors LLC boosted 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 buying an additional 822 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in iShares MSCI Saudi Arabia ETF during the third quarter valued at $69,000. Finally, Triumph Capital Management purchased a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter valued at $70,000.

iShares MSCI Saudi Arabia ETF Stock Performance

KSA stock opened at $37.80 on Monday. The stock has a market cap of $695.52 million, a PE ratio of 15.67 and a beta of 0.29. iShares MSCI Saudi Arabia ETF has a 12 month low of $35.81 and a 12 month high of $41.50. The company has a 50-day moving average price of $38.71 and a 200 day moving average price of $38.33.

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.