iShares MSCI India ETF (BATS:INDA) Reaches New 52-Week High – Should You Buy?

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 changing hands. The stock had previously closed at $50.93.

iShares MSCI India ETF Price Performance

The stock has a market cap of $9.33 billion, a PE ratio of 28.95 and a beta of 0.51. The firm’s 50 day moving average price is $53.24 and its two-hundred day moving average price is $55.31.

Institutional Investors Weigh In On iShares MSCI India ETF

Several large investors have recently added to or reduced their stakes in INDA. Allspring Global Investments Holdings LLC raised its position in shares of iShares MSCI India ETF by 15.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 562,455 shares of the company’s stock valued at $29,608,000 after buying an additional 73,705 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in iShares MSCI India ETF by 4.4% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 142,970 shares of the company’s stock valued at $7,526,000 after acquiring an additional 6,045 shares during the last quarter. Leavell Investment Management Inc. increased its stake in iShares MSCI India ETF by 2.6% in the fourth quarter. Leavell Investment Management Inc. now owns 9,856 shares of the company’s stock valued at $519,000 after acquiring an additional 248 shares during the last quarter. Sapient Capital LLC purchased a new stake in iShares MSCI India ETF during the fourth quarter valued at about $206,000. Finally, MBA Advisors LLC lifted its stake in iShares MSCI India ETF by 8.7% during the fourth quarter. MBA Advisors LLC now owns 6,118 shares of the company’s stock worth $322,000 after purchasing an additional 491 shares during the last quarter.

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.