iShares MSCI India ETF (BATS:INDA) Hits New 12-Month High at $56.22

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high on Monday . The stock traded as high as $56.22 and last traded at $56.17, with a volume of 3616809 shares traded. The stock had previously closed at $55.78.

iShares MSCI India ETF Stock Performance

The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The firm has a 50-day moving average price of $53.43 and a two-hundred day moving average price of $51.45.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INDA. Jane Street Group LLC boosted its stake in shares of iShares MSCI India ETF by 1,073.3% in the first quarter. Jane Street Group LLC now owns 16,108,870 shares of the company’s stock valued at $831,057,000 after buying an additional 14,735,874 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in iShares MSCI India ETF during the fourth quarter worth $187,403,000. Morgan Stanley boosted its position in iShares MSCI India ETF by 23.2% during the third quarter. Morgan Stanley now owns 7,615,787 shares of the company’s stock worth $336,770,000 after purchasing an additional 1,433,768 shares in the last quarter. Nipun Capital L.P. purchased a new stake in iShares MSCI India ETF during the fourth quarter worth $67,350,000. Finally, Hsbc Holdings PLC boosted its position in iShares MSCI India ETF by 2,105.1% during the fourth quarter. Hsbc Holdings PLC now owns 1,106,311 shares of the company’s stock worth $54,001,000 after purchasing an additional 1,056,141 shares in 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.