Phoenix Financial Ltd. Raises Stock Holdings in iShares MSCI India ETF $INDA

Phoenix Financial Ltd. boosted its position in iShares MSCI India ETF (BATS:INDA) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,531 shares of the company’s stock after purchasing an additional 7,347 shares during the quarter. Phoenix Financial Ltd.’s holdings in iShares MSCI India ETF were worth $3,259,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ramirez Asset Management Inc. purchased a new stake in shares of iShares MSCI India ETF in the 1st quarter worth about $26,000. Centricity Wealth Management LLC bought a new stake in iShares MSCI India ETF during the second quarter worth about $31,000. Redwood Park Advisors LLC bought a new stake in iShares MSCI India ETF during the first quarter worth about $38,000. MCF Advisors LLC grew its holdings in iShares MSCI India ETF by 460.7% in the first quarter. MCF Advisors LLC now owns 914 shares of the company’s stock worth $47,000 after purchasing an additional 751 shares during the period. Finally, Westside Investment Management Inc. increased its stake in shares of iShares MSCI India ETF by 198.8% during the first quarter. Westside Investment Management Inc. now owns 1,195 shares of the company’s stock valued at $61,000 after purchasing an additional 795 shares in the last quarter.

iShares MSCI India ETF Stock Up 7.0%

Shares of INDA opened at $54.48 on Wednesday. The business’s 50 day moving average price is $53.03 and its 200-day moving average price is $53.44. iShares MSCI India ETF has a 52 week low of $47.60 and a 52 week high of $59.49. The stock has a market cap of $9.46 billion, a P/E ratio of 25.20 and a beta of 0.48.

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.