iShares MSCI India ETF (BATS:INDA) Reaches New 12-Month Low – Here’s Why

Shares of iShares MSCI India ETF (BATS:INDA) hit a new 52-week low during trading on Wednesday . The company traded as low as $47.65 and last traded at $47.76, with a volume of 7231518 shares trading hands. The stock had previously closed at $48.52.

iShares MSCI India ETF Stock Performance

The business’s 50 day moving average is $51.99 and its two-hundred day moving average is $53.08. The firm has a market capitalization of $8.28 billion, a PE ratio of 25.20 and a beta of 0.48.

Hedge Funds Weigh In On iShares MSCI India ETF

Several hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC lifted its holdings in iShares MSCI India ETF by 3.5% during the 4th quarter. Corient Private Wealth LLC now owns 78,954 shares of the company’s stock worth $4,267,000 after purchasing an additional 2,672 shares in the last quarter. Sankala Group LLC purchased a new position in iShares MSCI India ETF during the 4th quarter valued at about $135,000. Beacon Advisors Holdings LLC purchased a new position in iShares MSCI India ETF during the 4th quarter valued at about $3,134,000. Tempo Wealth LLC bought a new stake in shares of iShares MSCI India ETF during the fourth quarter valued at about $385,000. Finally, Larch Capital Partners LLC bought a new stake in shares of iShares MSCI India ETF during the fourth quarter valued at about $1,676,000.

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.