iShares MSCI India ETF (BATS:INDA) Reaches New 12-Month High – Still a Buy?

iShares MSCI India ETF (BATS:INDA) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.42 and last traded at $50.48, with a volume of 3905108 shares. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Down 1.6 %

The business’s 50 day simple moving average is $52.57 and its 200 day simple moving average is $54.94. The company has a market capitalization of $9.26 billion, a PE ratio of 28.95 and a beta of 0.51.

Institutional Trading of iShares MSCI India ETF

Several large investors have recently added to or reduced their stakes in INDA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of iShares MSCI India ETF during the third quarter worth approximately $175,931,000. Raymond James Financial Inc. purchased a new stake in iShares MSCI India ETF in the 4th quarter worth approximately $95,602,000. Jennison Associates LLC acquired a new stake in shares of iShares MSCI India ETF during the 3rd quarter valued at $64,771,000. BNP Paribas Financial Markets grew its holdings in shares of iShares MSCI India ETF by 59.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,459,410 shares of the company’s stock valued at $143,949,000 after acquiring an additional 920,819 shares in the last quarter. Finally, Ninety One North America Inc. increased its stake in shares of iShares MSCI India ETF by 2,928.6% in the fourth quarter. Ninety One North America Inc. now owns 647,858 shares of the company’s stock worth $34,103,000 after acquiring an additional 626,467 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.