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

iShares MSCI India ETF (BATS:INDA)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.60 and last traded at $54.51, with a volume of 2655305 shares traded. The stock had previously closed at $54.36.

iShares MSCI India ETF Price Performance

The firm’s 50 day simple moving average is $56.88 and its 200 day simple moving average is $55.64. The stock has a market capitalization of $10.07 billion, a PE ratio of 28.95 and a beta of 0.51.

Institutional Investors Weigh In On iShares MSCI India ETF

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC increased its position in iShares MSCI India ETF by 1,073.3% during the 1st quarter. Jane Street Group LLC now owns 16,108,870 shares of the company’s stock valued at $831,057,000 after buying an additional 14,735,874 shares in the last quarter. Granite Bay Wealth Management LLC increased its stake in 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 worth $498,917,000 after buying an additional 9,310,161 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in iShares MSCI India ETF by 391.8% in 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 purchasing an additional 6,165,524 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its stake in iShares MSCI India ETF by 386.7% in the 2nd 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 in the last quarter. Finally, MBB Public Markets I LLC grew its holdings in iShares MSCI India ETF by 1,337.1% during the 2nd quarter. MBB Public Markets I LLC now owns 1,861,500 shares of the company’s stock valued at $103,834,000 after buying an additional 1,731,971 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.