iShares MSCI India ETF (BATS:INDA) Hits New 52-Week High – What’s Next?

iShares MSCI India ETF (BATS:INDA)’s share price hit 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 traded. The stock had previously closed at $54.23.

iShares MSCI India ETF Stock Up 0.2 %

The stock has a 50-day moving average price of $56.00 and a 200 day moving average price of $55.77. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its position in shares of iShares MSCI India ETF by 16.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 45,800 shares of the company’s stock worth $2,484,000 after purchasing an additional 6,356 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in iShares MSCI India ETF by 68.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 12,285 shares of the company’s stock worth $719,000 after buying an additional 4,999 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of iShares MSCI India ETF during the 3rd quarter worth about $214,000. Strait & Sound Wealth Management LLC increased its holdings in shares of iShares MSCI India ETF by 44.2% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 11,033 shares of the company’s stock valued at $646,000 after acquiring an additional 3,381 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new stake in shares of iShares MSCI India ETF during the 3rd quarter worth about $6,059,000.

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.