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

iShares MSCI India ETF (BATS:INDA) shares reached a new 52-week high on Monday . The stock traded as high as $53.32 and last traded at $53.25, with a volume of 5329304 shares. The stock had previously closed at $53.02.

iShares MSCI India ETF Stock Up 0.1 %

The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The business’s 50 day simple moving average is $56.36 and its 200-day simple moving average is $55.69.

Institutional Investors Weigh In On iShares MSCI India ETF

A number of large investors have recently modified their holdings of INDA. Angeles Wealth Management LLC bought a new position in shares of iShares MSCI India ETF in the 2nd quarter valued at $25,000. Founders Capital Management bought a new position in iShares MSCI India ETF in the second quarter valued at about $28,000. Abound Wealth Management acquired a new stake in shares of iShares MSCI India ETF during the second quarter valued at about $28,000. Highline Wealth Partners LLC bought a new stake in shares of iShares MSCI India ETF during the third quarter worth about $29,000. Finally, Park Place Capital Corp acquired a new position in shares of iShares MSCI India ETF in the second quarter valued at approximately $36,000.

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.