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

iShares MSCI India ETF (BATS:INDA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.76 and last traded at $55.55, with a volume of 4921927 shares changing hands. The stock had previously closed at $55.67.

iShares MSCI India ETF Stock Down 0.2 %

The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The company’s 50-day moving average price is $55.42 and its 200-day moving average price is $55.91.

Institutional Trading of iShares MSCI India ETF

A number of institutional investors have recently made changes to their positions in INDA. Granite Bay Wealth Management LLC boosted its stake in iShares MSCI India ETF by 7,516.9% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 9,434,018 shares of the company’s stock worth $498,917,000 after purchasing an additional 9,310,161 shares during the last quarter. Bank of New York Mellon Corp boosted its position in iShares MSCI India ETF by 391.8% during the second quarter. Bank of New York Mellon Corp now owns 7,739,052 shares of the company’s stock worth $431,684,000 after acquiring an additional 6,165,524 shares during the last quarter. Varma Mutual Pension Insurance Co grew its stake in iShares MSCI India ETF by 386.7% during the 2nd quarter. Varma Mutual Pension Insurance Co now owns 3,675,921 shares of the company’s stock valued at $205,043,000 after acquiring an additional 2,920,650 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in iShares MSCI India ETF in the 3rd quarter valued at about $175,931,000. Finally, Ensign Peak Advisors Inc lifted its stake in iShares MSCI India ETF by 10.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 2,468,705 shares of the company’s stock worth $137,704,000 after purchasing an additional 236,145 shares in the last quarter.

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.