Fifth Third Bancorp Buys New Stake in iShares MSCI Saudi Arabia ETF $KSA

Fifth Third Bancorp bought a new stake in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 127,808 shares of the company’s stock, valued at approximately $5,080,000. Fifth Third Bancorp owned about 0.69% of iShares MSCI Saudi Arabia ETF at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in shares of iShares MSCI Saudi Arabia ETF by 168.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock worth $25,000 after buying an additional 435 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in iShares MSCI Saudi Arabia ETF during the first quarter worth approximately $41,000. Farther Finance Advisors LLC boosted its position 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 acquiring an additional 822 shares during the last quarter. Triumph Capital Management purchased a new stake in iShares MSCI Saudi Arabia ETF in the 3rd quarter worth approximately $70,000. Finally, Global Retirement Partners LLC purchased a new stake in iShares MSCI Saudi Arabia ETF in the 4th quarter worth approximately $138,000.

iShares MSCI Saudi Arabia ETF Stock Performance

Shares of KSA opened at $36.79 on Friday. The stock has a fifty day moving average of $38.11 and a two-hundred day moving average of $38.37. The company has a market capitalization of $641.99 million, a PE ratio of 15.67 and a beta of 0.29. iShares MSCI Saudi Arabia ETF has a fifty-two week low of $35.81 and a fifty-two week high of $41.50.

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.