iShares MSCI India ETF (BATS:INDA) Hits New 12-Month High – Still a Buy?

Shares of iShares MSCI India ETF (BATS:INDA) hit a new 52-week high during trading on Tuesday . The company traded as high as $51.42 and last traded at $49.58, with a volume of 3905108 shares trading hands. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Performance

The company has a market cap of $9.19 billion, a P/E ratio of 28.95 and a beta of 0.51. The business’s 50-day moving average price is $51.87 and its 200 day moving average price is $54.66.

Hedge Funds Weigh In On iShares MSCI India ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in shares of iShares MSCI India ETF in the fourth quarter valued at approximately $267,441,000. Geode Capital Management LLC raised its stake in iShares MSCI India ETF by 3,324.0% in the 4th quarter. Geode Capital Management LLC now owns 3,544,572 shares of the company’s stock valued at $186,586,000 after acquiring an additional 3,441,050 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in iShares MSCI India ETF during the 3rd quarter valued at $175,931,000. FMR LLC boosted its position in iShares MSCI India ETF by 887.5% during the fourth quarter. FMR LLC now owns 3,285,421 shares of the company’s stock worth $172,945,000 after purchasing an additional 2,952,718 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI India ETF by 79.0% in the fourth quarter. JPMorgan Chase & Co. now owns 6,639,889 shares of the company’s stock valued at $349,524,000 after purchasing an additional 2,929,690 shares during the last quarter.

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.