JPMorgan Chase & Co. Has $10.54 Million Stock Holdings in iShares MSCI Saudi Arabia ETF $KSA

JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) by 4,994.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 259,649 shares of the company’s stock after acquiring an additional 254,552 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares MSCI Saudi Arabia ETF were worth $10,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of iShares MSCI Saudi Arabia ETF during the first quarter worth about $41,000. Gordian Capital Singapore Pte Ltd bought a new stake in iShares MSCI Saudi Arabia ETF during the 3rd quarter worth approximately $69,000. Triumph Capital Management bought a new stake in iShares MSCI Saudi Arabia ETF during the 3rd quarter worth approximately $70,000. BNP Paribas Financial Markets acquired a new stake in iShares MSCI Saudi Arabia ETF during the 2nd quarter worth approximately $164,000. Finally, Stratos Wealth Advisors LLC acquired a new stake in iShares MSCI Saudi Arabia ETF during the 3rd quarter worth approximately $203,000.

iShares MSCI Saudi Arabia ETF Trading Down 1.3%

KSA opened at $37.91 on Friday. The stock has a market capitalization of $636.89 million, a P/E ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a 12 month low of $35.81 and a 12 month high of $41.55. The firm’s fifty day simple moving average is $38.45 and its 200 day simple moving average is $38.45.

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.