NewEdge Wealth LLC Makes New $2.98 Million Investment in iShares MSCI India ETF $INDA

NewEdge Wealth LLC purchased a new stake in shares of iShares MSCI India ETF (BATS:INDA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,126 shares of the company’s stock, valued at approximately $2,980,000.

Several other hedge funds have also modified their holdings of INDA. Alliancebernstein L.P. bought a new stake in shares of iShares MSCI India ETF during the third quarter valued at approximately $120,217,000. Man Group plc lifted its holdings in iShares MSCI India ETF by 96.0% in the second quarter. Man Group plc now owns 3,755,500 shares of the company’s stock valued at $209,106,000 after buying an additional 1,839,360 shares during the period. Phoenix Financial Ltd. lifted its holdings in iShares MSCI India ETF by 1,612.7% in the third quarter. Phoenix Financial Ltd. now owns 1,002,462 shares of the company’s stock valued at $52,188,000 after buying an additional 943,931 shares during the period. Causeway Capital Management LLC lifted its holdings in iShares MSCI India ETF by 385.2% in the third quarter. Causeway Capital Management LLC now owns 1,054,005 shares of the company’s stock valued at $54,872,000 after buying an additional 836,765 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in iShares MSCI India ETF by 10,084.5% in the third quarter. Qube Research & Technologies Ltd now owns 646,819 shares of the company’s stock valued at $33,673,000 after buying an additional 640,468 shares during the period.

iShares MSCI India ETF Price Performance

Shares of BATS INDA opened at $47.52 on Wednesday. The company’s 50 day simple moving average is $48.73 and its 200 day simple moving average is $51.84. iShares MSCI India ETF has a fifty-two week low of $45.21 and a fifty-two week high of $56.01. The firm has a market capitalization of $8.25 billion, a P/E ratio of 25.20 and a beta of 0.48.

iShares MSCI India ETF Company Profile

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.