Picton Mahoney Asset Management Acquires 16,820 Shares of iShares MSCI India ETF $INDA

Picton Mahoney Asset Management raised its stake in shares of iShares MSCI India ETF (BATS:INDA) by 41.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 57,151 shares of the company’s stock after buying an additional 16,820 shares during the quarter. Picton Mahoney Asset Management’s holdings in iShares MSCI India ETF were worth $2,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CI Investments Inc. grew its position in shares of iShares MSCI India ETF by 52.2% during the third quarter. CI Investments Inc. now owns 35,000 shares of the company’s stock worth $1,822,000 after purchasing an additional 12,000 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of iShares MSCI India ETF in the 3rd quarter valued at approximately $311,000. Bedell Frazier Investment Counselling LLC raised its holdings in iShares MSCI India ETF by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 11,400 shares of the company’s stock valued at $593,000 after buying an additional 472 shares during the period. Arete Wealth Advisors LLC boosted its stake in iShares MSCI India ETF by 31.1% during the third quarter. Arete Wealth Advisors LLC now owns 21,033 shares of the company’s stock worth $1,095,000 after buying an additional 4,993 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in iShares MSCI India ETF by 15.7% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 138,129 shares of the company’s stock worth $7,191,000 after buying an additional 18,751 shares during the period.

iShares MSCI India ETF Trading Up 0.2%

Shares of BATS:INDA opened at $50.37 on Friday. iShares MSCI India ETF has a 12 month low of $48.18 and a 12 month high of $56.01. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. The firm’s 50-day moving average is $52.77 and its 200 day moving average is $53.30.

iShares MSCI India ETF 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.