iShares MSCI India ETF (BATS:INDA) Sets New 1-Year High – Should You Buy?

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high during trading on Monday . The stock traded as high as $54.60 and last traded at $54.51, with a volume of 2655305 shares traded. The stock had previously closed at $54.36.

iShares MSCI India ETF Price Performance

The company has a market cap of $9.84 billion, a PE ratio of 28.95 and a beta of 0.51. The company has a fifty day moving average price of $56.74 and a 200 day moving average price of $55.67.

Institutional Trading of iShares MSCI India ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC boosted its stake in shares of iShares MSCI India ETF by 1,073.3% during the first quarter. Jane Street Group LLC now owns 16,108,870 shares of the company’s stock valued at $831,057,000 after purchasing an additional 14,735,874 shares during the period. Granite Bay Wealth Management LLC boosted its stake in shares of iShares MSCI India ETF by 7,516.9% during the second quarter. Granite Bay Wealth Management LLC now owns 9,434,018 shares of the company’s stock valued at $498,917,000 after purchasing an additional 9,310,161 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI India ETF by 391.8% during the second quarter. Bank of New York Mellon Corp now owns 7,739,052 shares of the company’s stock valued at $431,684,000 after acquiring an additional 6,165,524 shares in the last quarter. Varma Mutual Pension Insurance Co raised its holdings in shares of iShares MSCI India ETF by 386.7% during the second quarter. Varma Mutual Pension Insurance Co now owns 3,675,921 shares of the company’s stock valued at $205,043,000 after acquiring an additional 2,920,650 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of iShares MSCI India ETF by 10.6% during the second quarter. Ensign Peak Advisors Inc now owns 2,468,705 shares of the company’s stock valued at $137,704,000 after acquiring an additional 236,145 shares in the last quarter.

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.