iShares MSCI India ETF (BATS:INDA) Reaches New 12-Month High – Here’s What Happened

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high during trading on Monday . The stock traded as high as $55.76 and last traded at $55.55, with a volume of 4921927 shares. The stock had previously closed at $55.67.

iShares MSCI India ETF Trading Up 0.4 %

The company has a market capitalization of $10.29 billion, a P/E ratio of 28.95 and a beta of 0.51. The stock’s fifty day moving average is $55.31 and its 200 day moving average is $55.93.

Hedge Funds Weigh In On iShares MSCI India ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capasso Planning Partners LLC raised its holdings in shares of iShares MSCI India ETF by 36.6% during the third quarter. Capasso Planning Partners LLC now owns 9,508 shares of the company’s stock valued at $557,000 after acquiring an additional 2,549 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in iShares MSCI India ETF by 16.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,800 shares of the company’s stock worth $2,484,000 after purchasing an additional 6,356 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of iShares MSCI India ETF by 68.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 12,285 shares of the company’s stock worth $719,000 after purchasing an additional 4,999 shares during the period. Coldstream Capital Management Inc. bought a new stake in shares of iShares MSCI India ETF during the 3rd quarter valued at about $214,000. Finally, Strait & Sound Wealth Management LLC increased its position in shares of iShares MSCI India ETF by 44.2% during the third quarter. Strait & Sound Wealth Management LLC now owns 11,033 shares of the company’s stock valued at $646,000 after buying an additional 3,381 shares during the period.

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.