iShares MSCI India ETF (BATS:INDA) Reaches New 1-Year Low – Here’s What Happened

iShares MSCI India ETF (BATS:INDA) shares reached a new 52-week low on Thursday . The stock traded as low as $48.41 and last traded at $48.47, with a volume of 5055041 shares traded. The stock had previously closed at $49.27.

iShares MSCI India ETF Stock Performance

The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. The business’s 50-day moving average is $52.46 and its 200-day moving average is $53.19.

Institutional Trading of iShares MSCI India ETF

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in iShares MSCI India ETF by 97.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,518,409 shares of the company’s stock worth $418,625,000 after purchasing an additional 3,702,760 shares during the last quarter. Geode Capital Management LLC increased its position in iShares MSCI India ETF by 44.8% in the second quarter. Geode Capital Management LLC now owns 4,541,678 shares of the company’s stock worth $252,881,000 after purchasing an additional 1,405,731 shares during the period. Man Group plc boosted its holdings in iShares MSCI India ETF by 1.7% during the fourth quarter. Man Group plc now owns 4,501,107 shares of the company’s stock worth $243,285,000 after buying an additional 76,197 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of iShares MSCI India ETF by 10.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,215,575 shares of the company’s stock valued at $234,723,000 after acquiring an additional 406,176 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of iShares MSCI India ETF by 9.6% in the 4th quarter. Wellington Management Group LLP now owns 2,911,671 shares of the company’s stock valued at $157,376,000 after acquiring an additional 254,355 shares during the last quarter.

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.