iShares MSCI India ETF (BATS:INDA) Reaches New 52-Week High – Here’s Why

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

iShares MSCI India ETF Trading Up 0.4 %

The business’s fifty day simple moving average is $53.71 and its 200 day simple moving average is $55.66. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51.

Institutional Investors Weigh In On iShares MSCI India ETF

A number of institutional investors have recently made changes to their positions in the stock. Granite Bay Wealth Management LLC boosted its holdings in iShares MSCI India ETF by 7,516.9% during the second quarter. Granite Bay Wealth Management LLC now owns 9,434,018 shares of the company’s stock worth $498,917,000 after buying an additional 9,310,161 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in iShares MSCI India ETF during the third quarter valued at approximately $175,931,000. Ensign Peak Advisors Inc grew its holdings in 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 purchasing an additional 236,145 shares during the period. BNP Paribas Financial Markets increased its stake in iShares MSCI India ETF by 59.8% in the third quarter. BNP Paribas Financial Markets now owns 2,459,410 shares of the company’s stock valued at $143,949,000 after purchasing an additional 920,819 shares in the last quarter. Finally, MBB Public Markets I LLC raised 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 worth $103,834,000 after purchasing an additional 1,731,971 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.