iShares MSCI India ETF (BATS:INDA) Hits New 1-Year Low – What’s Next?

iShares MSCI India ETF (BATS:INDA)’s share price hit a new 52-week low on Wednesday . The company traded as low as $47.65 and last traded at $47.76, with a volume of 7231518 shares. The stock had previously closed at $48.52.

iShares MSCI India ETF Price Performance

The firm has a 50-day simple moving average of $51.73 and a 200 day simple moving average of $53.00. The company has a market capitalization of $8.16 billion, a PE ratio of 25.20 and a beta of 0.48.

Institutional Investors Weigh In On iShares MSCI India ETF

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in iShares MSCI India ETF by 97.0% in the second quarter. JPMorgan Chase & Co. now owns 7,518,409 shares of the company’s stock valued at $418,625,000 after acquiring an additional 3,702,760 shares in the last quarter. Man Group plc lifted its position in shares of iShares MSCI India ETF by 1.7% during the fourth quarter. Man Group plc now owns 4,501,107 shares of the company’s stock worth $243,285,000 after purchasing an additional 76,197 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of iShares MSCI India ETF by 10.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,215,575 shares of the company’s stock valued at $234,723,000 after purchasing an additional 406,176 shares during the period. Wellington Management Group LLP boosted its stake in shares of iShares MSCI India ETF by 9.6% in the fourth quarter. Wellington Management Group LLP now owns 2,911,671 shares of the company’s stock valued at $157,376,000 after purchasing an additional 254,355 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in iShares MSCI India ETF by 0.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 2,780,668 shares of the company’s stock valued at $144,762,000 after purchasing an additional 8,890 shares in the last quarter.

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.