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

Shares of iShares MSCI India ETF (BATS:INDA) reached a new 52-week high on Monday . The stock traded as high as $51.42 and last traded at $50.69, with a volume of 3905108 shares traded. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Performance

The stock has a market cap of $9.51 billion, a P/E ratio of 28.95 and a beta of 0.51. The business has a 50 day simple moving average of $52.99 and a 200-day simple moving average of $55.13.

Institutional Investors Weigh In On iShares MSCI India ETF

Hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of iShares MSCI India ETF during the 3rd quarter valued at approximately $175,931,000. Jennison Associates LLC bought a new stake in iShares MSCI India ETF during the 3rd quarter valued at $64,771,000. BNP Paribas Financial Markets lifted its position in shares of iShares MSCI India ETF by 59.8% during the third quarter. BNP Paribas Financial Markets now owns 2,459,410 shares of the company’s stock worth $143,949,000 after acquiring an additional 920,819 shares in the last quarter. Ninety One North America Inc. boosted its holdings in shares of iShares MSCI India ETF by 2,928.6% in the fourth quarter. Ninety One North America Inc. now owns 647,858 shares of the company’s stock worth $34,103,000 after acquiring an additional 626,467 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI India ETF in the third quarter valued at $30,212,000.

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.