iShares MSCI India ETF $INDA Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department lessened its stake in iShares MSCI India ETF (BATS:INDA) by 72.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,228 shares of the company’s stock after selling 52,460 shares during the period. Mechanics Bank Trust Department’s holdings in iShares MSCI India ETF were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. purchased a new position in shares of iShares MSCI India ETF in the 3rd quarter valued at approximately $120,217,000. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares MSCI India ETF during the fourth quarter worth approximately $102,238,000. Man Group plc raised its stake in shares of iShares MSCI India ETF by 96.0% during the second quarter. Man Group plc now owns 3,755,500 shares of the company’s stock worth $209,106,000 after purchasing an additional 1,839,360 shares during the last quarter. USS Investment Management Ltd acquired a new stake in shares of iShares MSCI India ETF during the fourth quarter worth $70,848,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares MSCI India ETF by 643.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,064,351 shares of the company’s stock worth $55,342,000 after purchasing an additional 921,201 shares during the period.

iShares MSCI India ETF Price Performance

BATS:INDA opened at $50.12 on Friday. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. The firm’s fifty day moving average price is $48.92 and its 200 day moving average price is $49.57. iShares MSCI India ETF has a 1-year low of $45.21 and a 1-year high of $55.50.

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.