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

iShares MSCI India ETF (BATS:INDA)’s stock price reached a new 52-week high on Monday . The stock traded as high as $54.95 and last traded at $54.85, with a volume of 9043208 shares trading hands. The stock had previously closed at $54.23.

iShares MSCI India ETF Stock Performance

The firm’s 50 day moving average price is $56.00 and its two-hundred day moving average price is $55.77. The firm has a market cap of $10.13 billion, a PE ratio of 28.95 and a beta of 0.51.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Granite Bay Wealth Management LLC lifted its stake in shares of 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 valued at $498,917,000 after purchasing an additional 9,310,161 shares during the last quarter. Bank of New York Mellon Corp lifted its position in iShares MSCI India ETF by 391.8% in the second 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 last quarter. Varma Mutual Pension Insurance Co boosted its stake in iShares MSCI India ETF by 386.7% during the second 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in iShares MSCI India ETF during the third quarter worth about $175,931,000. Finally, Ensign Peak Advisors Inc increased its position in shares of iShares MSCI India ETF by 10.6% during the second quarter. Ensign Peak Advisors Inc now owns 2,468,705 shares of the company’s stock valued at $137,704,000 after acquiring an additional 236,145 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.