iShares MSCI India ETF (BATS:INDA) Sets New 52-Week High – Still a Buy?

iShares MSCI India ETF (BATS:INDA) shares reached a new 52-week high during trading on Monday . The company traded as high as $54.95 and last traded at $54.85, with a volume of 9043208 shares changing hands. The stock had previously closed at $54.23.

iShares MSCI India ETF Stock Performance

The stock has a market cap of $10.13 billion, a P/E ratio of 28.95 and a beta of 0.51. The stock has a 50-day moving average price of $56.07 and a 200-day moving average price of $55.75.

Institutional Trading of iShares MSCI India ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in shares of iShares MSCI India ETF by 1,073.3% in the first quarter. Jane Street Group LLC now owns 16,108,870 shares of the company’s stock worth $831,057,000 after buying an additional 14,735,874 shares during the last quarter. Granite Bay Wealth Management LLC lifted its stake in shares of iShares MSCI India ETF by 7,516.9% in the 2nd 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 last quarter. Bank of New York Mellon Corp grew its stake 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 buying an additional 6,165,524 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its position in iShares MSCI India ETF by 386.7% in the 2nd quarter. Varma Mutual Pension Insurance Co now owns 3,675,921 shares of the company’s stock valued at $205,043,000 after buying an additional 2,920,650 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in iShares MSCI India ETF in the third quarter worth about $175,931,000.

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.