iShares MSCI India ETF (BATS:INDA) Reaches New 1-Year High – Should You Buy?

iShares MSCI India ETF (BATS:INDA)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.76 and last traded at $55.55, with a volume of 4921927 shares trading hands. The stock had previously closed at $55.67.

iShares MSCI India ETF Trading Up 0.4 %

The business has a fifty day moving average of $55.31 and a 200-day moving average of $55.93. The firm has a market cap of $10.29 billion, a PE ratio of 28.95 and a beta of 0.51.

Institutional Trading of iShares MSCI India ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Angeles Wealth Management LLC bought a new stake in shares of iShares MSCI India ETF during the 2nd quarter valued at about $25,000. Abound Wealth Management bought a new stake in iShares MSCI India ETF during the second quarter valued at approximately $28,000. Highline Wealth Partners LLC purchased a new position in iShares MSCI India ETF in the 3rd quarter worth approximately $29,000. Activest Wealth Management bought a new position in shares of iShares MSCI India ETF in the 3rd quarter worth $40,000. Finally, American Capital Advisory LLC bought a new position in shares of iShares MSCI India ETF in the 3rd quarter worth $41,000.

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.