iShares MSCI India ETF (BATS:INDA) Sets New 52-Week High – Should You Buy?

iShares MSCI India ETF (BATS:INDA)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $51.42 and last traded at $50.69, with a volume of 3905108 shares traded. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Down 0.1 %

The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The business has a 50-day moving average price of $53.13 and a 200-day moving average price of $55.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Investment Management LLC acquired a new position in iShares MSCI India ETF in the 4th quarter worth about $26,000. Highline Wealth Partners LLC acquired a new position in iShares MSCI India ETF in the 3rd quarter worth about $29,000. Creative Capital Management Investments LLC acquired a new position in iShares MSCI India ETF in the 4th quarter worth about $30,000. GAMMA Investing LLC acquired a new position in iShares MSCI India ETF in the 4th quarter worth about $39,000. Finally, Activest Wealth Management acquired a new position in iShares MSCI India ETF in the 3rd quarter worth about $40,000.

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.