Sterling Investment Management LLC Cuts Stock Holdings in iShares MSCI India ETF (BATS:INDA)

Sterling Investment Management LLC decreased its stake in shares of iShares MSCI India ETF (BATS:INDA) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,175 shares of the company’s stock after selling 746 shares during the period. Sterling Investment Management LLC’s holdings in iShares MSCI India ETF were worth $1,424,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sheets Smith Wealth Management purchased a new position in iShares MSCI India ETF in the third quarter worth $26,000. Creative Financial Designs Inc. ADV purchased a new position in iShares MSCI India ETF in the fourth quarter worth $40,000. Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI India ETF in the first quarter worth $34,000. Tower Research Capital LLC TRC purchased a new position in iShares MSCI India ETF in the third quarter worth $37,000. Finally, US Bancorp DE boosted its position in iShares MSCI India ETF by 38.7% in the second quarter. US Bancorp DE now owns 1,040 shares of the company’s stock worth $45,000 after purchasing an additional 290 shares during the last quarter.

iShares MSCI India ETF Trading Up 0.7 %

INDA stock opened at $51.10 on Thursday. The stock’s fifty day simple moving average is $50.72 and its two-hundred day simple moving average is $47.60. iShares MSCI India ETF has a 1-year low of $30.57 and a 1-year high of $38.21. The stock has a market cap of $6.88 billion, a P/E ratio of 23.86 and a beta of 0.68.

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.