JPMorgan Chase & Co. Sells 2,998,302 Shares of iShares MSCI India ETF $INDA

JPMorgan Chase & Co. reduced its stake in shares of iShares MSCI India ETF (BATS:INDA) by 39.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,520,107 shares of the company’s stock after selling 2,998,302 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI India ETF were worth $235,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its position in iShares MSCI India ETF by 2,067.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 6,929,746 shares of the company’s stock worth $385,848,000 after purchasing an additional 6,610,000 shares during the period. Man Group plc raised its position in shares of iShares MSCI India ETF by 96.0% in the 2nd 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 in the last quarter. IFM Investors Pty Ltd acquired a new position in shares of iShares MSCI India ETF in the 3rd quarter valued at approximately $93,034,000. Geode Capital Management LLC lifted its holdings in shares of iShares MSCI India ETF by 44.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,541,678 shares of the company’s stock worth $252,881,000 after acquiring an additional 1,405,731 shares during the period. Finally, Fosun International Ltd acquired a new stake in shares of iShares MSCI India ETF during the 2nd quarter worth approximately $67,673,000.

iShares MSCI India ETF Price Performance

Shares of BATS:INDA opened at $53.42 on Friday. The company’s 50 day simple moving average is $53.14 and its 200 day simple moving average is $53.35. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a 1 year low of $47.60 and a 1 year high of $56.01.

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.