Sunbelt Securities Inc. Sells 7,119 Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA)

Sunbelt Securities Inc. lowered its position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 60.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,702 shares of the company’s stock after selling 7,119 shares during the period. Sunbelt Securities Inc.’s holdings in iShares MSCI Saudi Arabia ETF were worth $191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MBB Public Markets I LLC increased its stake in iShares MSCI Saudi Arabia ETF by 2,278.1% in the 2nd quarter. MBB Public Markets I LLC now owns 499,400 shares of the company’s stock worth $20,286,000 after acquiring an additional 478,400 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of iShares MSCI Saudi Arabia ETF during the second quarter worth about $5,056,000. Itau Unibanco Holding S.A. bought a new position in shares of iShares MSCI Saudi Arabia ETF in the second quarter worth approximately $1,219,000. Sei Investments Co. raised its stake in iShares MSCI Saudi Arabia ETF by 4.3% in the second quarter. Sei Investments Co. now owns 37,230 shares of the company’s stock valued at $1,512,000 after purchasing an additional 1,528 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its position in iShares MSCI Saudi Arabia ETF by 67.0% during the second quarter. Mondrian Investment Partners LTD now owns 595,693 shares of the company’s stock valued at $25,079,000 after purchasing an additional 239,021 shares during the last quarter.

iShares MSCI Saudi Arabia ETF Price Performance

KSA stock opened at $41.86 on Thursday. The firm has a 50 day simple moving average of $41.82 and a two-hundred day simple moving average of $42.12. The stock has a market cap of $782.78 million, a PE ratio of 17.50 and a beta of 0.58. iShares MSCI Saudi Arabia ETF has a one year low of $36.21 and a one year high of $45.10.

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.