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

iShares MSCI India ETF (BATS:INDA) reached a new 52-week high during trading on Thursday . The company traded as high as $51.42 and last traded at $51.09, with a volume of 3905108 shares traded. The stock had previously closed at $50.93.

iShares MSCI India ETF Price Performance

The company has a market cap of $9.45 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The stock has a 50-day moving average price of $53.71 and a 200 day moving average price of $55.66.

Institutional Trading of iShares MSCI India ETF

Several hedge funds have recently bought and sold shares of INDA. Highline Wealth Partners LLC acquired a new position in shares of iShares MSCI India ETF in the third quarter valued at approximately $29,000. GAMMA Investing LLC bought a new stake in iShares MSCI India ETF in the 4th quarter valued at $39,000. Activest Wealth Management acquired a new position in iShares MSCI India ETF in the 3rd quarter worth $40,000. American Capital Advisory LLC bought a new position in iShares MSCI India ETF during the 3rd quarter worth about $41,000. Finally, Finley Financial LLC acquired a new stake in shares of iShares MSCI India ETF in the 4th quarter valued at about $41,000.

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.