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

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high on Monday . The company traded as high as $54.60 and last traded at $54.51, with a volume of 2655305 shares changing hands. The stock had previously closed at $54.36.

iShares MSCI India ETF Stock Up 0.3 %

The stock has a market capitalization of $10.07 billion, a P/E ratio of 28.95 and a beta of 0.51. The stock’s 50 day moving average price is $56.88 and its 200-day moving average price is $55.64.

Institutional Trading of iShares MSCI India ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Angeles Wealth Management LLC acquired a new stake in iShares MSCI India ETF during the second quarter valued at $25,000. Founders Capital Management purchased a new position in iShares MSCI India ETF in the second quarter valued at $28,000. Abound Wealth Management acquired a new stake in shares of iShares MSCI India ETF in the 2nd quarter valued at $28,000. Highline Wealth Partners LLC acquired a new stake in iShares MSCI India ETF during the third quarter worth approximately $29,000. Finally, Park Place Capital Corp purchased a new position in shares of iShares MSCI India ETF during the second quarter worth approximately $36,000.

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.