NewEdge Advisors LLC decreased its stake in iShares MSCI India ETF (BATS:INDA – Free Report) by 56.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,738 shares of the company’s stock after selling 16,756 shares during the period. NewEdge Advisors LLC’s holdings in iShares MSCI India ETF were worth $597,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. acquired a new position in iShares MSCI India ETF during the third quarter worth about $120,217,000. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares MSCI India ETF during the 4th quarter worth approximately $102,238,000. Man Group plc grew its holdings in shares of iShares MSCI India ETF by 96.0% in the 2nd quarter. Man Group plc now owns 3,755,500 shares of the company’s stock worth $209,106,000 after acquiring an additional 1,839,360 shares during the period. USS Investment Management Ltd purchased a new position in iShares MSCI India ETF in the 4th quarter valued at approximately $70,848,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in iShares MSCI India ETF by 643.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,064,351 shares of the company’s stock valued at $55,342,000 after purchasing an additional 921,201 shares in the last quarter.
iShares MSCI India ETF Stock Performance
INDA opened at $49.55 on Friday. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a one year low of $45.21 and a one year high of $55.50. The business’s fifty day moving average is $49.35 and its two-hundred day moving average is $49.44.
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.
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