iShares MSCI India ETF (BATS:INDA) Hits New 52-Week High – Here’s What Happened

iShares MSCI India ETF (BATS:INDA)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $51.42 and last traded at $51.09, with a volume of 3905108 shares changing hands. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Performance

The firm has a market capitalization of $9.44 billion, a P/E ratio of 28.95 and a beta of 0.51. The stock has a 50-day moving average of $53.85 and a 200 day moving average of $55.72.

Institutional Investors Weigh In On iShares MSCI India ETF

A number of hedge funds have recently added to or reduced their stakes in INDA. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI India ETF by 5.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,415 shares of the company’s stock valued at $2,127,000 after purchasing an additional 2,114 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of iShares MSCI India ETF during the third quarter valued at $6,059,000. Ensign Peak Advisors Inc lifted its position in iShares MSCI India ETF by 10.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 2,468,705 shares of the company’s stock valued at $137,704,000 after purchasing an additional 236,145 shares during the period. Bensler LLC boosted its stake in shares of iShares MSCI India ETF by 2.3% in the 3rd quarter. Bensler LLC now owns 375,548 shares of the company’s stock valued at $21,981,000 after purchasing an additional 8,546 shares during the last quarter. Finally, Sun Life Financial Inc. grew its position in shares of iShares MSCI India ETF by 9.8% during the 2nd quarter. Sun Life Financial Inc. now owns 341,100 shares of the company’s stock worth $19,027,000 after buying an additional 30,400 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.