iShares MSCI India ETF (BATS:INDA) Sets New 1-Year High – Time to Buy?

iShares MSCI India ETF (BATS:INDA) reached a new 52-week high on Wednesday . The company traded as high as $51.42 and last traded at $50.85, with a volume of 3905108 shares changing hands. The stock had previously closed at $50.93.

iShares MSCI India ETF Stock Up 0.3 %

The business has a fifty day simple moving average of $53.48 and a two-hundred day simple moving average of $55.50. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in shares of iShares MSCI India ETF in the 3rd quarter worth approximately $29,000. Activest Wealth Management acquired a new position in shares of iShares MSCI India ETF in the 3rd quarter worth approximately $40,000. American Capital Advisory LLC acquired a new position in shares of iShares MSCI India ETF in the 3rd quarter worth approximately $41,000. GAMMA Investing LLC acquired a new position in shares of iShares MSCI India ETF in the 4th quarter worth approximately $39,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of iShares MSCI India ETF in the 3rd quarter worth approximately $47,000.

About iShares MSCI India ETF

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.