Wedbush Securities Inc. Cuts Holdings in iShares MSCI India ETF (BATS:INDA)

Wedbush Securities Inc. lessened its position in shares of iShares MSCI India ETF (BATS:INDA) by 30.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,513 shares of the company’s stock after selling 5,878 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares MSCI India ETF were worth $711,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of iShares MSCI India ETF in the 4th quarter valued at about $26,000. HM Payson & Co. purchased a new position in iShares MSCI India ETF in the fourth quarter valued at approximately $26,000. Creative Capital Management Investments LLC acquired a new position in iShares MSCI India ETF during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in iShares MSCI India ETF during the fourth quarter worth approximately $39,000. Finally, Finley Financial LLC acquired a new stake in shares of iShares MSCI India ETF in the fourth quarter worth $41,000.

iShares MSCI India ETF Trading Down 3.5 %

Shares of INDA stock opened at $49.15 on Tuesday. The company has a market cap of $8.46 billion, a PE ratio of 23.59 and a beta of 0.54. The company’s fifty day simple moving average is $50.01 and its 200-day simple moving average is $53.09. iShares MSCI India ETF has a 52 week low of $47.60 and a 52 week high of $59.49.

iShares MSCI India ETF 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.