iShares MSCI India ETF (BATS:INDA) Reaches New 12-Month High – Here’s Why

iShares MSCI India ETF (BATS:INDA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $51.42 and last traded at $49.58, with a volume of 3905108 shares. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Down 2.6 %

The company has a market capitalization of $9.16 billion, a PE ratio of 28.95 and a beta of 0.51. The stock’s 50 day moving average is $52.11 and its two-hundred day moving average is $54.74.

Institutional Trading of iShares MSCI India ETF

Several hedge funds have recently modified their holdings of the company. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of iShares MSCI India ETF during the fourth quarter valued at about $1,076,000. 10Elms LLP acquired a new position in iShares MSCI India ETF in the 4th quarter worth approximately $32,000. First Heartland Consultants Inc. increased its holdings in iShares MSCI India ETF by 6.4% in the 4th quarter. First Heartland Consultants Inc. now owns 9,255 shares of the company’s stock worth $487,000 after buying an additional 554 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in iShares MSCI India ETF in the 4th quarter worth approximately $3,152,000. Finally, Vident Advisory LLC boosted its position in iShares MSCI India ETF by 18.9% in the 4th quarter. Vident Advisory LLC now owns 5,543 shares of the company’s stock worth $292,000 after purchasing an additional 882 shares in 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.