HighTower Advisors LLC Sells 474,177 Shares of iShares MSCI India ETF $INDA

HighTower Advisors LLC cut its position in iShares MSCI India ETF (BATS:INDA) by 81.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 110,326 shares of the company’s stock after selling 474,177 shares during the period. HighTower Advisors LLC’s holdings in iShares MSCI India ETF were worth $5,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in INDA. Y Intercept Hong Kong Ltd bought a new stake in iShares MSCI India ETF in the 2nd quarter valued at about $311,000. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of iShares MSCI India ETF by 1,053.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 366,050 shares of the company’s stock valued at $20,382,000 after buying an additional 334,321 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI India ETF by 20.8% in the second quarter. Envestnet Asset Management Inc. now owns 133,052 shares of the company’s stock valued at $7,408,000 after buying an additional 22,938 shares during the period. IFM Investors Pty Ltd bought a new stake in shares of iShares MSCI India ETF in the third quarter valued at approximately $93,034,000. Finally, Geneos Wealth Management Inc. grew its position in iShares MSCI India ETF by 100.8% during the second quarter. Geneos Wealth Management Inc. now owns 48,059 shares of the company’s stock worth $2,676,000 after buying an additional 24,123 shares in the last quarter.

iShares MSCI India ETF Stock Performance

BATS:INDA opened at $52.61 on Tuesday. The stock has a fifty day moving average price of $53.13 and a 200-day moving average price of $53.37. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a fifty-two week low of $47.60 and a fifty-two week high of $56.01.

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.