iShares MSCI India ETF (BATS:INDA) Reaches New 1-Year High – Here’s Why

Shares of iShares MSCI India ETF (BATS:INDA) reached a new 52-week high during trading on Monday . The company traded as high as $51.42 and last traded at $50.69, with a volume of 3905108 shares. The stock had previously closed at $50.93.

iShares MSCI India ETF Trading Up 1.0 %

The stock’s fifty day moving average price is $52.99 and its 200 day moving average price is $55.13. The stock has a market cap of $9.51 billion, a P/E ratio of 28.95 and a beta of 0.51.

Hedge Funds Weigh In On iShares MSCI India ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in iShares MSCI India ETF by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 8,257,248 shares of the company’s stock worth $434,662,000 after buying an additional 228,036 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of iShares MSCI India ETF during the third quarter worth approximately $175,931,000. BNP Paribas Financial Markets lifted its holdings in shares of iShares MSCI India ETF by 59.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,459,410 shares of the company’s stock worth $143,949,000 after acquiring an additional 920,819 shares during the last quarter. Millburn Ridgefield Corp boosted its stake in shares of iShares MSCI India ETF by 9.7% in the 4th quarter. Millburn Ridgefield Corp now owns 2,227,206 shares of the company’s stock valued at $117,240,000 after purchasing an additional 196,903 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of iShares MSCI India ETF by 11.3% in the 3rd quarter. LPL Financial LLC now owns 1,846,865 shares of the company’s stock valued at $108,097,000 after purchasing an additional 187,940 shares in the last quarter.

iShares MSCI India ETF Company Profile

The iShares MSCI India ETF (INDA) is an exchange-traded fund that is based on the MSCI India index, a market-cap-weighted index of the top 85% of firms in the Indian securities market. INDA was launched on Feb 2, 2012 and is managed by BlackRock.