iShares MSCI India ETF (BATS:INDA) Hits New 52-Week High – Time to Buy?

iShares MSCI India ETF (BATS:INDA)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $51.42 and last traded at $49.22, with a volume of 3905108 shares changing hands. The stock had previously closed at $50.93.

iShares MSCI India ETF Price Performance

The company has a market cap of $9.09 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The firm’s fifty day moving average price is $51.64 and its 200-day moving average price is $54.58.

Institutional Trading of iShares MSCI India ETF

Several large investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new position in shares of iShares MSCI India ETF in the fourth quarter worth $26,000. HM Payson & Co. bought a new stake in shares of iShares MSCI India ETF in the 4th quarter worth $26,000. Highline Wealth Partners LLC acquired a new stake in shares of iShares MSCI India ETF in the third quarter valued at $29,000. Creative Capital Management Investments LLC bought a new stake in iShares MSCI India ETF in the fourth quarter worth about $30,000. Finally, 10Elms LLP bought a new position in shares of iShares MSCI India ETF during the 4th quarter valued at about $32,000.

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.