iShares MSCI India ETF (BATS:INDA) Reaches New 52-Week High – Should You Buy?

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high during trading on Monday . The stock traded as high as $55.66 and last traded at $55.57, with a volume of 4715400 shares traded. The stock had previously closed at $55.56.

iShares MSCI India ETF Price Performance

The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The business has a fifty day moving average price of $55.19 and a 200 day moving average price of $55.97.

Hedge Funds Weigh In On iShares MSCI India ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its holdings in shares of iShares MSCI India ETF by 12.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 31,712 shares of the company’s stock worth $1,848,000 after purchasing an additional 3,435 shares during the period. Capasso Planning Partners LLC increased its stake in 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 during the period. 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 valued at $2,484,000 after acquiring 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 acquiring an additional 4,999 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of iShares MSCI India ETF during the 3rd quarter worth approximately $214,000.

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.