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

Shares of iShares MSCI India ETF (BATS:INDA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $51.42 and last traded at $50.09, with a volume of 3905108 shares. The stock had previously closed at $50.93.

iShares MSCI India ETF Trading Down 0.8 %

The stock has a market capitalization of $9.33 billion, a P/E ratio of 28.95 and a beta of 0.51. The stock’s fifty day moving average price is $53.24 and its two-hundred day moving average price is $55.31.

Institutional Trading of iShares MSCI India ETF

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of iShares MSCI India ETF in the third quarter worth about $175,931,000. Jennison Associates LLC purchased a new position in iShares MSCI India ETF in the 3rd quarter worth approximately $64,771,000. BNP Paribas Financial Markets lifted its position in iShares MSCI India ETF by 59.8% in the third quarter. BNP Paribas Financial Markets now owns 2,459,410 shares of the company’s stock valued at $143,949,000 after purchasing an additional 920,819 shares during the last quarter. Ninety One North America Inc. boosted its stake in shares of iShares MSCI India ETF by 2,928.6% during the fourth quarter. Ninety One North America Inc. now owns 647,858 shares of the company’s stock valued at $34,103,000 after purchasing an additional 626,467 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI India ETF during the third quarter valued at approximately $30,212,000.

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.