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

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

iShares MSCI India ETF Price Performance

The firm’s 50-day moving average is $52.11 and its two-hundred day moving average is $54.74. The company has a market cap of $9.16 billion, a P/E ratio of 28.95 and a beta of 0.51.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Intellectus Partners LLC increased its position in iShares MSCI India ETF by 4.3% during the fourth quarter. Intellectus Partners LLC now owns 4,872 shares of the company’s stock valued at $256,000 after acquiring an additional 200 shares during the last quarter. Dimension Capital Management LLC boosted its stake in shares of iShares MSCI India ETF by 1.8% during the fourth quarter. Dimension Capital Management LLC now owns 12,492 shares of the company’s stock valued at $658,000 after purchasing an additional 222 shares during the period. Ifrah Financial Services Inc. boosted its stake in shares of iShares MSCI India ETF by 2.3% during the fourth quarter. Ifrah Financial Services Inc. now owns 10,066 shares of the company’s stock valued at $530,000 after purchasing an additional 223 shares during the period. Portside Wealth Group LLC boosted its stake in shares of iShares MSCI India ETF by 0.6% during the third quarter. Portside Wealth Group LLC now owns 36,372 shares of the company’s stock valued at $2,129,000 after purchasing an additional 226 shares during the period. Finally, Leavell Investment Management Inc. boosted its stake in shares of iShares MSCI India ETF by 2.6% during the fourth quarter. Leavell Investment Management Inc. now owns 9,856 shares of the company’s stock valued at $519,000 after purchasing an additional 248 shares during the period.

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.