Connective Portfolio Management LLC Makes New $1.16 Million Investment in iShares MSCI India ETF (BATS:INDA)

Connective Portfolio Management LLC bought a new position in shares of iShares MSCI India ETF (BATS:INDA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,000 shares of the company’s stock, valued at approximately $1,160,000. iShares MSCI India ETF accounts for approximately 1.7% of Connective Portfolio Management LLC’s portfolio, making the stock its 26th largest holding.

A number of other large investors have also recently added to or reduced their stakes in INDA. Choreo LLC bought a new stake in shares of iShares MSCI India ETF during the 2nd quarter worth about $335,000. American Century Companies Inc. bought a new position in iShares MSCI India ETF during the 2nd quarter valued at about $4,842,000. Envestnet Asset Management Inc. grew its position in iShares MSCI India ETF by 90.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 127,593 shares of the company’s stock worth $7,117,000 after acquiring an additional 60,634 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of iShares MSCI India ETF by 6.8% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 22,680 shares of the company’s stock valued at $1,265,000 after buying an additional 1,450 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of iShares MSCI India ETF by 45.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 14,891 shares of the company’s stock valued at $831,000 after purchasing an additional 4,672 shares during the last quarter.

iShares MSCI India ETF Stock Performance

Shares of INDA stock opened at $51.28 on Thursday. iShares MSCI India ETF has a 52-week low of $30.57 and a 52-week high of $38.21. The stock has a market cap of $9.47 billion, a PE ratio of 28.95 and a beta of 0.51. The firm’s 50 day moving average price is $53.93 and its two-hundred day moving average price is $55.76.

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.