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

iShares MSCI India ETF (BATS:INDA) shares hit a new 52-week high during trading on Monday . The company traded as high as $51.42 and last traded at $50.48, with a volume of 3905108 shares traded. The stock had previously closed at $50.93.

iShares MSCI India ETF Price Performance

The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The company has a 50-day simple moving average of $52.75 and a two-hundred day simple moving average of $55.03.

Institutional Trading of iShares MSCI India ETF

Several large investors have recently added to or reduced their stakes in the business. Mascoma Wealth Management LLC acquired a new position in shares of iShares MSCI India ETF during the fourth quarter valued at approximately $47,000. Avantax Advisory Services Inc. raised its holdings in shares of iShares MSCI India ETF by 312.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 33,085 shares of the company’s stock valued at $1,742,000 after acquiring an additional 25,059 shares during the period. Farther Finance Advisors LLC lifted its position in shares of iShares MSCI India ETF by 18.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,566 shares of the company’s stock valued at $82,000 after acquiring an additional 249 shares in the last quarter. HighTower Advisors LLC boosted its stake in iShares MSCI India ETF by 6.9% in the 4th quarter. HighTower Advisors LLC now owns 627,144 shares of the company’s stock worth $33,013,000 after purchasing an additional 40,483 shares during the period. Finally, AGF Management Ltd. purchased a new position in iShares MSCI India ETF during the 4th quarter worth approximately $9,966,000.

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.