iShares MSCI India ETF (BATS:INDA) Sets New 1-Year High – Should You Buy?

iShares MSCI India ETF (BATS:INDA)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $54.60 and last traded at $54.51, with a volume of 2655305 shares trading hands. The stock had previously closed at $54.36.

iShares MSCI India ETF Stock Down 1.0 %

The company has a market cap of $9.84 billion, a P/E ratio of 28.95 and a beta of 0.51. The business has a fifty day moving average of $56.74 and a 200 day moving average of $55.67.

Hedge Funds Weigh In On iShares MSCI India ETF

A number of institutional investors have recently added to or reduced their stakes in INDA. Russell Investments Group Ltd. raised its holdings in iShares MSCI India ETF by 4,886.2% in the first quarter. Russell Investments Group Ltd. now owns 11,169 shares of the company’s stock worth $576,000 after purchasing an additional 10,945 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of iShares MSCI India ETF by 15.2% during the first quarter. Avantax Advisory Services Inc. now owns 6,161 shares of the company’s stock valued at $318,000 after acquiring an additional 813 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of iShares MSCI India ETF by 7.6% during the first quarter. Blair William & Co. IL now owns 112,063 shares of the company’s stock valued at $5,781,000 after acquiring an additional 7,887 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of iShares MSCI India ETF by 231.6% during the first quarter. Orion Portfolio Solutions LLC now owns 62,852 shares of the company’s stock valued at $3,243,000 after acquiring an additional 43,897 shares in the last quarter. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of iShares MSCI India ETF during the first quarter valued at $1,214,000.

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.