iShares MSCI India ETF (BATS:INDA) Sets New 1-Year High – Here’s What Happened

iShares MSCI India ETF (BATS:INDA) reached a new 52-week high on Monday . The company traded as high as $55.00 and last traded at $55.17, with a volume of 5571045 shares changing hands. The stock had previously closed at $54.71.

iShares MSCI India ETF Price Performance

The firm has a market capitalization of $10.19 billion, a P/E ratio of 28.95 and a beta of 0.51. The company has a fifty day moving average of $57.30 and a 200 day moving average of $55.40.

Hedge Funds Weigh In On iShares MSCI India ETF

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its position in shares of iShares MSCI India ETF by 1,073.3% during the first quarter. Jane Street Group LLC now owns 16,108,870 shares of the company’s stock valued at $831,057,000 after acquiring an additional 14,735,874 shares during the last quarter. Granite Bay Wealth Management LLC increased its stake in iShares MSCI India ETF by 7,516.9% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 9,434,018 shares of the company’s stock worth $498,917,000 after purchasing an additional 9,310,161 shares during the period. Bank of New York Mellon Corp raised its stake in shares of iShares MSCI India ETF by 391.8% during the second quarter. Bank of New York Mellon Corp now owns 7,739,052 shares of the company’s stock valued at $431,684,000 after acquiring an additional 6,165,524 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its holdings in iShares MSCI India ETF by 386.7% in the second quarter. Varma Mutual Pension Insurance Co now owns 3,675,921 shares of the company’s stock valued at $205,043,000 after acquiring an additional 2,920,650 shares in the last quarter. Finally, MBB Public Markets I LLC grew its holdings in shares of iShares MSCI India ETF by 1,337.1% during the 2nd quarter. MBB Public Markets I LLC now owns 1,861,500 shares of the company’s stock worth $103,834,000 after acquiring an additional 1,731,971 shares during the period.

About iShares MSCI India ETF

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.