iShares MSCI India ETF (BATS:INDA) Reaches New 12-Month High – Still a Buy?

iShares MSCI India ETF (BATS:INDA)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $51.42 and last traded at $50.48, 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 $9.26 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The firm has a fifty day simple moving average of $52.57 and a 200 day simple moving average of $54.94.

Institutional Trading of iShares MSCI India ETF

Large investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its stake in iShares MSCI India ETF by 1.2% during the 4th quarter. Prudential Financial Inc. now owns 507,522 shares of the company’s stock valued at $26,909,000 after purchasing an additional 5,850 shares during the period. Sei Investments Co. boosted its position in shares of iShares MSCI India ETF by 24.6% in the fourth quarter. Sei Investments Co. now owns 244,401 shares of the company’s stock valued at $12,865,000 after acquiring an additional 48,180 shares during the period. MRP Capital Investments LLC grew its stake in shares of iShares MSCI India ETF by 2.4% in the fourth quarter. MRP Capital Investments LLC now owns 27,271 shares of the company’s stock worth $1,436,000 after acquiring an additional 630 shares during the last quarter. Kiker Wealth Management LLC acquired a new stake in shares of iShares MSCI India ETF in the fourth quarter worth $50,000. Finally, SSI Investment Management LLC increased its position in iShares MSCI India ETF by 11.4% during the fourth quarter. SSI Investment Management LLC now owns 51,669 shares of the company’s stock worth $2,720,000 after acquiring an additional 5,290 shares during the period.

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.