iShares MSCI India ETF (BATS:INDA) Reaches New 12-Month High – Here’s Why

iShares MSCI India ETF (BATS:INDA)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.42 and last traded at $48.14, with a volume of 3905108 shares trading hands. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Performance

The stock has a market cap of $8.33 billion, a PE ratio of 23.24 and a beta of 0.75. The stock has a fifty day moving average price of $50.86 and a 200 day moving average price of $54.23.

Institutional Trading of iShares MSCI India ETF

A number of institutional investors have recently bought and sold shares of INDA. Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI India ETF by 29.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,317 shares of the company’s stock worth $77,000 after acquiring an additional 300 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in iShares MSCI India ETF in the 3rd quarter worth about $3,563,000. Cornerstone Capital Inc. raised its position in iShares MSCI India ETF by 1.6% in the 3rd quarter. Cornerstone Capital Inc. now owns 151,177 shares of the company’s stock worth $8,848,000 after purchasing an additional 2,420 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in iShares MSCI India ETF by 2.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 136,925 shares of the company’s stock worth $8,014,000 after purchasing an additional 3,787 shares during the last quarter. Finally, Beacon Financial Advisory LLC lifted its stake in iShares MSCI India ETF by 25.9% in the third quarter. Beacon Financial Advisory LLC now owns 8,330 shares of the company’s stock worth $488,000 after purchasing an additional 1,715 shares during 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.