iShares MSCI India ETF (BATS:INDA) Reaches New 52-Week High – Still a Buy?

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high during trading on Monday . The stock 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 Trading Down 0.8 %

The stock’s 50 day moving average price is $52.75 and its two-hundred day moving average price is $55.03. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51.

Institutional Trading of iShares MSCI India ETF

A number of institutional investors have recently bought and sold shares of the company. Sonoma Private Wealth LLC increased its stake in iShares MSCI India ETF by 2.3% in the third quarter. Sonoma Private Wealth LLC now owns 8,064 shares of the company’s stock valued at $472,000 after purchasing an additional 181 shares during the last quarter. Intellectus Partners LLC lifted its holdings in shares of iShares MSCI India ETF by 4.3% during the 4th quarter. Intellectus Partners LLC now owns 4,872 shares of the company’s stock worth $256,000 after acquiring an additional 200 shares during the period. Ifrah Financial Services Inc. increased its position in iShares MSCI India ETF by 2.3% during the fourth quarter. Ifrah Financial Services Inc. now owns 10,066 shares of the company’s stock worth $530,000 after purchasing an additional 223 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of iShares MSCI India ETF by 0.6% in the 3rd quarter. Portside Wealth Group LLC now owns 36,372 shares of the company’s stock valued at $2,129,000 after purchasing an additional 226 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its holdings in shares of iShares MSCI India ETF by 2.6% during the 4th quarter. Leavell Investment Management Inc. now owns 9,856 shares of the company’s stock worth $519,000 after buying an additional 248 shares during the last quarter.

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.