Summit Investment Advisors Inc. Trims Stock Position in iShares MSCI India ETF $INDA

Summit Investment Advisors Inc. cut its holdings in iShares MSCI India ETF (BATS:INDA) by 26.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,661 shares of the company’s stock after selling 3,132 shares during the period. Summit Investment Advisors Inc.’s holdings in iShares MSCI India ETF were worth $446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new stake in iShares MSCI India ETF in the 2nd quarter valued at about $311,000. Yousif Capital Management LLC increased its position in shares of iShares MSCI India ETF by 14.0% during the second quarter. Yousif Capital Management LLC now owns 829,075 shares of the company’s stock valued at $46,163,000 after acquiring an additional 101,950 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares MSCI India ETF by 19.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 22,162 shares of the company’s stock valued at $1,234,000 after acquiring an additional 3,604 shares during the period. Perigon Wealth Management LLC raised its stake in shares of iShares MSCI India ETF by 627.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 30,526 shares of the company’s stock valued at $1,700,000 after acquiring an additional 26,327 shares during the period. Finally, Partners Capital Investment Group LLP lifted its holdings in shares of iShares MSCI India ETF by 100.0% in the 1st quarter. Partners Capital Investment Group LLP now owns 83,788 shares of the company’s stock worth $4,313,000 after acquiring an additional 41,894 shares during the last quarter.

iShares MSCI India ETF Stock Up 6.3%

Shares of BATS INDA opened at $54.15 on Friday. The business’s 50 day moving average is $53.55 and its two-hundred day moving average is $53.81. iShares MSCI India ETF has a 52-week low of $47.60 and a 52-week high of $59.49. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48.

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.