M&T Bank Corp Takes Position in iShares MSCI Saudi Arabia ETF $KSA

M&T Bank Corp bought a new stake in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 49,621 shares of the company’s stock, valued at approximately $1,807,000. M&T Bank Corp owned approximately 0.30% of iShares MSCI Saudi Arabia ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in iShares MSCI Saudi Arabia ETF during the second quarter worth $40,351,000. Mondrian Investment Partners LTD acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter valued at about $33,223,000. Millennium Management LLC acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter valued at about $15,628,000. Bank of America Corp DE grew its position in shares of iShares MSCI Saudi Arabia ETF by 105.2% in the third quarter. Bank of America Corp DE now owns 589,203 shares of the company’s stock valued at $23,910,000 after purchasing an additional 302,092 shares during the period. Finally, Wealth High Governance Capital Ltda acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter valued at about $12,174,000.

iShares MSCI Saudi Arabia ETF Stock Up 1.0%

Shares of NYSEARCA KSA opened at $38.73 on Friday. The company’s 50-day simple moving average is $38.62 and its 200-day simple moving average is $38.44. iShares MSCI Saudi Arabia ETF has a 52-week low of $35.81 and a 52-week high of $41.50. The firm has a market cap of $712.63 million, a price-to-earnings ratio of 15.67 and a beta of 0.30.

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.