Kovack Advisors Inc. Makes New Investment in iShares MSCI India ETF (BATS:INDA)

Kovack Advisors Inc. bought a new stake in iShares MSCI India ETF (BATS:INDA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,691 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently modified their holdings of the business. Jane Street Group LLC boosted its holdings 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 worth $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 2nd quarter. Granite Bay Wealth Management LLC now owns 9,434,018 shares of the company’s stock valued at $498,917,000 after buying an additional 9,310,161 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of iShares MSCI India ETF by 391.8% during the 2nd 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 increased its stake in shares of iShares MSCI India ETF by 386.7% in the second quarter. Varma Mutual Pension Insurance Co now owns 3,675,921 shares of the company’s stock worth $205,043,000 after acquiring an additional 2,920,650 shares during the last quarter. Finally, MBB Public Markets I LLC raised its holdings in shares of iShares MSCI India ETF by 1,337.1% during the second quarter. MBB Public Markets I LLC now owns 1,861,500 shares of the company’s stock worth $103,834,000 after acquiring an additional 1,731,971 shares in the last quarter.

iShares MSCI India ETF Price Performance

Shares of BATS INDA opened at $53.03 on Friday. iShares MSCI India ETF has a one year low of $30.57 and a one year high of $38.21. The business’s 50-day moving average price is $56.51 and its two-hundred day moving average price is $55.64. The company has a market capitalization of $9.80 billion, a P/E ratio of 28.95 and a beta of 0.51.

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.