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

Shares of iShares MSCI India ETF (BATS:INDA) hit a new 52-week high on Monday . The company traded as high as $54.95 and last traded at $54.85, with a volume of 9043208 shares. The stock had previously closed at $54.23.

iShares MSCI India ETF Stock Up 1.1 %

The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The company’s 50 day moving average price is $56.07 and its 200 day moving average price is $55.75.

Institutional Investors Weigh In On iShares MSCI India ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of iShares MSCI India ETF by 1,073.3% in the 1st quarter. Jane Street Group LLC now owns 16,108,870 shares of the company’s stock worth $831,057,000 after acquiring an additional 14,735,874 shares during the last quarter. Granite Bay Wealth Management LLC raised its holdings in shares of iShares MSCI India ETF by 7,516.9% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 9,434,018 shares of the company’s stock valued at $498,917,000 after buying an additional 9,310,161 shares during the period. Bank of New York Mellon Corp lifted its stake in iShares MSCI India ETF by 391.8% during the 2nd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in iShares MSCI India ETF during the 3rd quarter valued at about $175,931,000. Finally, Varma Mutual Pension Insurance Co increased its stake in iShares MSCI India ETF by 386.7% during the second quarter. Varma Mutual Pension Insurance Co now owns 3,675,921 shares of the company’s stock worth $205,043,000 after purchasing an additional 2,920,650 shares during the period.

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.