M&T Bank Corp Invests $1.81 Million in iShares MSCI Saudi Arabia ETF $KSA

M&T Bank Corp bought a new position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) in the fourth quarter, Holdings Channel.com reports. The fund bought 49,621 shares of the company’s stock, valued at approximately $1,807,000.

Other large investors have also modified their holdings of the company. Allianz Asset Management GmbH acquired a new position in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $812,000. Rhumbline Advisers boosted its position in shares of iShares MSCI Saudi Arabia ETF by 4.6% during the 3rd quarter. Rhumbline Advisers now owns 390,114 shares of the company’s stock valued at $15,831,000 after acquiring an additional 17,059 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $769,000. JPMorgan Chase & Co. boosted its position in shares of iShares MSCI Saudi Arabia ETF by 4,994.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,649 shares of the company’s stock valued at $10,537,000 after acquiring an additional 254,552 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of iShares MSCI Saudi Arabia ETF by 5.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 386,067 shares of the company’s stock valued at $15,667,000 after acquiring an additional 19,101 shares during the last quarter.

iShares MSCI Saudi Arabia ETF Trading Up 1.0%

Shares of KSA stock opened at $38.73 on Friday. The company’s 50-day moving average price is $38.62 and its 200-day moving average price is $38.44. The stock 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 has a twelve month low of $35.81 and a twelve month high of $41.50.

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.