Bank Pictet & Cie Europe AG Reduces Stock Position in iShares MSCI India ETF (BATS:INDA)

Bank Pictet & Cie Europe AG lowered its stake in iShares MSCI India ETF (BATS:INDA) by 51.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,254 shares of the company’s stock after selling 6,681 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in iShares MSCI India ETF were worth $322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its stake in shares of iShares MSCI India ETF by 166.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 480 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the period. HM Payson & Co. bought a new position in shares of iShares MSCI India ETF in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new position in shares of iShares MSCI India ETF in the 4th quarter worth approximately $26,000. Creative Capital Management Investments LLC bought a new position in shares of iShares MSCI India ETF in the 4th quarter worth approximately $30,000. Finally, 10Elms LLP purchased a new position in shares of iShares MSCI India ETF during the 4th quarter worth $32,000.

iShares MSCI India ETF Price Performance

Shares of iShares MSCI India ETF stock opened at $54.56 on Tuesday. The company’s fifty day simple moving average is $53.52 and its 200-day simple moving average is $52.17. The stock has a market capitalization of $9.29 billion, a PE ratio of 22.81 and a beta of 0.48. iShares MSCI India ETF has a 1-year low of $47.60 and a 1-year high of $59.49.

iShares MSCI India ETF Company 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.