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

Shares of iShares MSCI India ETF (BATS:INDA) hit a new 52-week high on Monday . The company traded as high as $51.42 and last traded at $49.22, with a volume of 3905108 shares traded. The stock had previously closed at $50.93.

iShares MSCI India ETF Trading Down 3.3 %

The business has a 50-day moving average of $51.41 and a two-hundred day moving average of $54.49. The firm has a market cap of $8.39 billion, a P/E ratio of 23.24 and a beta of 0.75.

Hedge Funds Weigh In On iShares MSCI India ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new position in iShares MSCI India ETF during the 4th quarter worth approximately $26,000. HM Payson & Co. bought a new stake in iShares MSCI India ETF during the fourth quarter valued at $26,000. Highline Wealth Partners LLC acquired a new stake in iShares MSCI India ETF during the 3rd quarter worth about $29,000. Creative Capital Management Investments LLC bought a new position in shares of iShares MSCI India ETF in the 4th quarter worth about $30,000. Finally, 10Elms LLP acquired a new position in shares of iShares MSCI India ETF in the 4th quarter valued at about $32,000.

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.