3EDGE Asset Management LP Reduces Position in iShares MSCI India ETF (BATS:INDA)

3EDGE Asset Management LP reduced its position in shares of iShares MSCI India ETF (BATS:INDA) by 36.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,112,800 shares of the company’s stock after selling 633,299 shares during the period. iShares MSCI India ETF comprises about 3.6% of 3EDGE Asset Management LP’s investment portfolio, making the stock its 10th biggest holding. 3EDGE Asset Management LP’s holdings in iShares MSCI India ETF were worth $58,578,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of INDA. Merit Financial Group LLC grew its stake in shares of iShares MSCI India ETF by 153.3% in the 4th quarter. Merit Financial Group LLC now owns 10,434 shares of the company’s stock worth $549,000 after purchasing an additional 6,314 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares MSCI India ETF by 5.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,415 shares of the company’s stock worth $2,127,000 after buying an additional 2,114 shares in the last quarter. Geode Capital Management LLC acquired a new position in iShares MSCI India ETF in the third quarter worth approximately $6,059,000. Ameliora Wealth Management Ltd. increased its holdings in shares of iShares MSCI India ETF by 17.0% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 100,425 shares of the company’s stock valued at $5,292,000 after buying an additional 14,579 shares in the last quarter. Finally, Bensler LLC increased its holdings in shares of iShares MSCI India ETF by 2.3% in the third quarter. Bensler LLC now owns 375,548 shares of the company’s stock valued at $21,981,000 after buying an additional 8,546 shares in the last quarter.

iShares MSCI India ETF Stock Down 2.6 %

Shares of iShares MSCI India ETF stock opened at $49.61 on Wednesday. iShares MSCI India ETF has a 12-month low of $30.57 and a 12-month high of $38.21. The firm has a market capitalization of $9.16 billion, a PE ratio of 28.95 and a beta of 0.51. The stock’s fifty day moving average is $51.99 and its 200-day moving average is $54.69.

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.