City of London Investment Management Co. Ltd. Invests $4.13 Million in iShares MSCI India ETF (BATS:INDA)

City of London Investment Management Co. Ltd. purchased a new stake in shares of iShares MSCI India ETF (BATS:INDA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 74,000 shares of the company’s stock, valued at approximately $4,128,000.

Other large investors have also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC acquired a new stake in shares of iShares MSCI India ETF during the second quarter worth $25,000. Founders Capital Management bought a new stake in shares of iShares MSCI India ETF during the 2nd quarter valued at about $28,000. Abound Wealth Management acquired a new stake in iShares MSCI India ETF during the second quarter worth about $28,000. Principal Securities Inc. bought a new position in iShares MSCI India ETF in the fourth quarter worth about $29,000. Finally, Bogart Wealth LLC acquired a new position in iShares MSCI India ETF in the first quarter valued at approximately $33,000.

iShares MSCI India ETF Trading Up 0.2 %

BATS:INDA opened at $57.85 on Monday. The stock has a 50 day moving average of $56.65 and a 200-day moving average of $54.14. The firm has a market capitalization of $10.69 billion, a PE ratio of 28.95 and a beta of 0.51. iShares MSCI India ETF has a 52 week low of $30.57 and a 52 week high of $38.21.

iShares MSCI India ETF 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.