iShares MSCI India ETF (BATS:INDA) Sets New 12-Month High – Time to Buy?

iShares MSCI India ETF (BATS:INDA) hit a new 52-week high on Thursday . The company traded as high as $51.42 and last traded at $51.09, with a volume of 3905108 shares trading hands. The stock had previously closed at $50.93.

iShares MSCI India ETF Price Performance

The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The firm’s fifty day moving average is $53.85 and its 200-day moving average is $55.72.

Institutional Investors Weigh In On iShares MSCI India ETF

Several large investors have recently made changes to their positions in the company. Sonoma Private Wealth LLC boosted its stake in iShares MSCI India ETF by 2.3% during the third quarter. Sonoma Private Wealth LLC now owns 8,064 shares of the company’s stock valued at $472,000 after buying an additional 181 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of iShares MSCI India ETF by 0.6% in the third quarter. Portside Wealth Group LLC now owns 36,372 shares of the company’s stock worth $2,129,000 after buying an additional 226 shares during the period. Empirical Asset Management LLC lifted its position in shares of iShares MSCI India ETF by 3.5% in the third quarter. Empirical Asset Management LLC now owns 8,891 shares of the company’s stock worth $520,000 after purchasing an additional 300 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of iShares MSCI India ETF by 29.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,317 shares of the company’s stock valued at $77,000 after buying an additional 300 shares during the period. Finally, Dimension Capital Management LLC grew its stake in iShares MSCI India ETF by 3.1% in the second quarter. Dimension Capital Management LLC now owns 12,076 shares of the company’s stock valued at $674,000 after purchasing an additional 359 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.