Varma Mutual Pension Insurance Co Acquires 2,920,650 Shares of iShares MSCI India ETF (BATS:INDA)

Varma Mutual Pension Insurance Co raised its holdings in shares of iShares MSCI India ETF (BATS:INDA) by 386.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,675,921 shares of the company’s stock after purchasing an additional 2,920,650 shares during the quarter. iShares MSCI India ETF accounts for approximately 1.6% of Varma Mutual Pension Insurance Co’s investment portfolio, making the stock its 12th largest holding. Varma Mutual Pension Insurance Co owned approximately 1.99% of iShares MSCI India ETF worth $205,043,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in INDA. Founders Capital Management purchased a new stake in iShares MSCI India ETF in the second quarter worth about $28,000. Principal Securities Inc. purchased a new stake in shares of iShares MSCI India ETF in the 4th quarter worth approximately $29,000. Spire Wealth Management increased its holdings in iShares MSCI India ETF by 168.8% during the fourth quarter. Spire Wealth Management now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 400 shares during the period. Bogart Wealth LLC bought a new position in iShares MSCI India ETF in the first quarter worth approximately $33,000. Finally, Park Place Capital Corp bought a new position in iShares MSCI India ETF in the second quarter worth approximately $36,000.

iShares MSCI India ETF Stock Performance

INDA traded down $0.73 on Friday, hitting $56.51. The company had a trading volume of 5,968,116 shares. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The stock has a fifty day moving average price of $56.55 and a 200-day moving average price of $53.91. iShares MSCI India ETF has a 12-month low of $30.57 and a 12-month 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.