iShares MSCI India ETF (BATS:INDA) Reaches New 1-Year High – What’s Next?

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high on Monday . The stock traded as high as $55.66 and last traded at $55.57, with a volume of 4715400 shares. The stock had previously closed at $55.56.

iShares MSCI India ETF Trading Down 1.0 %

The company has a market cap of $10.08 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The company’s 50 day moving average price is $55.08 and its 200 day moving average price is $55.99.

Institutional Investors Weigh In On iShares MSCI India ETF

Large investors have recently added to or reduced their stakes in the business. Granite Bay Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 9,310,161 shares during the period. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $431,684,000 after buying an additional 6,165,524 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of iShares MSCI India ETF during the 3rd quarter worth $175,931,000. Varma Mutual Pension Insurance Co raised its position in shares of 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 buying an additional 2,920,650 shares during the period. Finally, MBB Public Markets I LLC boosted its holdings in iShares MSCI India ETF by 1,337.1% in the second quarter. MBB Public Markets I LLC now owns 1,861,500 shares of the company’s stock valued at $103,834,000 after acquiring an additional 1,731,971 shares during the last quarter.

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.