Jennison Associates LLC Lowers Holdings in iShares MSCI India ETF (BATS:INDA)

Jennison Associates LLC lowered its stake in shares of iShares MSCI India ETF (BATS:INDA) by 16.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 929,467 shares of the company’s stock after selling 177,156 shares during the period. Jennison Associates LLC owned about 0.50% of iShares MSCI India ETF worth $48,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Merit Financial Group LLC raised its position in iShares MSCI India ETF by 153.3% during the fourth quarter. Merit Financial Group LLC now owns 10,434 shares of the company’s stock valued at $549,000 after acquiring an additional 6,314 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares MSCI India ETF by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,415 shares of the company’s stock valued at $2,127,000 after purchasing an additional 2,114 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of iShares MSCI India ETF during the 3rd quarter valued at approximately $6,059,000. Bensler LLC lifted its stake in shares of iShares MSCI India ETF by 2.3% in the 3rd quarter. Bensler LLC now owns 375,548 shares of the company’s stock valued at $21,981,000 after purchasing an additional 8,546 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in iShares MSCI India ETF during the fourth quarter worth $39,000.

iShares MSCI India ETF Stock Performance

INDA opened at $51.46 on Wednesday. The company has a fifty day moving average of $52.99 and a two-hundred day moving average of $55.13. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. iShares MSCI India ETF has a fifty-two week low of $30.57 and a fifty-two week high of $38.21.

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.