iShares MSCI India ETF (BATS:INDA) Shares Sold by Citigroup Inc.

Citigroup Inc. cut its stake in iShares MSCI India ETF (BATS:INDA) by 31.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,459,211 shares of the company’s stock after selling 655,857 shares during the period. Citigroup Inc. owned approximately 0.79% of iShares MSCI India ETF worth $85,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of INDA. Angeles Wealth Management LLC acquired a new stake in iShares MSCI India ETF in the 2nd quarter valued at about $25,000. Founders Capital Management purchased a new stake in shares of iShares MSCI India ETF in the second quarter valued at about $28,000. Abound Wealth Management acquired a new stake in shares of iShares MSCI India ETF in the second quarter valued at approximately $28,000. Highline Wealth Partners LLC purchased a new position in shares of iShares MSCI India ETF during the 3rd quarter worth approximately $29,000. Finally, Park Place Capital Corp acquired a new position in shares of iShares MSCI India ETF during the 2nd quarter worth approximately $36,000.

iShares MSCI India ETF Stock Performance

INDA stock opened at $54.23 on Friday. The stock’s 50 day moving average price is $56.13 and its 200 day moving average price is $55.67. The firm has a market cap of $10.02 billion, a P/E ratio of 28.95 and a beta of 0.51. iShares MSCI India ETF has a 1 year low of $30.57 and a 1 year high of $38.21.

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.