Shah Wealth Advisors LLC Acquires Shares of 271,062 iShares MSCI India ETF $INDA

Shah Wealth Advisors LLC bought a new stake in iShares MSCI India ETF (BATS:INDA) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 271,062 shares of the company’s stock, valued at approximately $13,388,000. iShares MSCI India ETF comprises approximately 3.1% of Shah Wealth Advisors LLC’s holdings, making the stock its 12th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in iShares MSCI India ETF by 8.7% during the fourth quarter. JPMorgan Chase & Co. now owns 4,911,540 shares of the company’s stock valued at $265,469,000 after buying an additional 391,433 shares during the period. Man Group plc grew its holdings in iShares MSCI India ETF by 1.7% during the fourth quarter. Man Group plc now owns 4,501,107 shares of the company’s stock valued at $243,285,000 after purchasing an additional 76,197 shares during the period. Catalyst Capital Advisors LLC raised its stake in shares of iShares MSCI India ETF by 30.4% in the first quarter. Catalyst Capital Advisors LLC now owns 3,120,382 shares of the company’s stock valued at $146,159,000 after buying an additional 726,956 shares during the period. Wellington Management Group LLP grew its stake in shares of iShares MSCI India ETF by 42.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,994,278 shares of the company’s stock worth $147,887,000 after acquiring an additional 891,464 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in iShares MSCI India ETF by 26.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,617,410 shares of the company’s stock valued at $141,471,000 after acquiring an additional 547,738 shares during the period.

iShares MSCI India ETF Stock Down 0.0%

Shares of BATS:INDA opened at $49.91 on Friday. The firm has a market capitalization of $8.67 billion, a PE ratio of 25.20 and a beta of 0.48. The company has a 50-day moving average price of $49.43 and a two-hundred day moving average price of $49.19. iShares MSCI India ETF has a twelve month low of $45.21 and a twelve month high of $55.50.

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.