Quantinno Capital Management LP Invests $1.37 Million in iShares MSCI India ETF (BATS:INDA)

Quantinno Capital Management LP purchased a new position in iShares MSCI India ETF (BATS:INDA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 26,073 shares of the company’s stock, valued at approximately $1,372,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in iShares MSCI India ETF by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 8,257,248 shares of the company’s stock valued at $434,662,000 after purchasing an additional 228,036 shares in the last quarter. Northern Trust Corp raised its stake in iShares MSCI India ETF by 29.9% in the fourth quarter. Northern Trust Corp now owns 7,182,960 shares of the company’s stock valued at $378,111,000 after purchasing an additional 1,651,774 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares MSCI India ETF by 79.0% in the fourth quarter. JPMorgan Chase & Co. now owns 6,639,889 shares of the company’s stock valued at $349,524,000 after purchasing an additional 2,929,690 shares in the last quarter. Bank of America Corp DE raised its stake in iShares MSCI India ETF by 12.7% in the fourth quarter. Bank of America Corp DE now owns 5,611,064 shares of the company’s stock valued at $295,366,000 after purchasing an additional 631,034 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in iShares MSCI India ETF in the fourth quarter valued at approximately $267,441,000.

iShares MSCI India ETF Price Performance

Shares of INDA opened at $53.77 on Friday. The firm’s 50 day simple moving average is $52.24 and its 200 day simple moving average is $52.13. The company has a market capitalization of $9.11 billion, a P/E ratio of 22.81 and a beta of 0.49. iShares MSCI India ETF has a 1-year low of $47.60 and a 1-year high of $59.49.

iShares MSCI India ETF Profile

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.