iShares MSCI India ETF (BATS:INDA) Reaches New 52-Week Low – Here’s What Happened

iShares MSCI India ETF (BATS:INDA)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $47.65 and last traded at $47.76, with a volume of 7231518 shares changing hands. The stock had previously closed at $48.52.

iShares MSCI India ETF Trading Down 1.7%

The business’s fifty day moving average price is $51.99 and its 200-day moving average price is $53.08. The company has a market capitalization of $8.28 billion, a P/E ratio of 25.20 and a beta of 0.48.

Institutional Investors Weigh In On iShares MSCI India ETF

Several hedge funds have recently added to or reduced their stakes in INDA. CI Investments Inc. raised its stake 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 acquiring an additional 12,000 shares in the last quarter. IFM Investors Pty Ltd bought a new position in shares of iShares MSCI India ETF during the 3rd quarter valued at $93,034,000. Bank Julius Baer & Co. Ltd Zurich raised its position in iShares MSCI India ETF by 1,053.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 366,050 shares of the company’s stock worth $20,382,000 after purchasing an additional 334,321 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in iShares MSCI India ETF in the second quarter worth $688,000. Finally, Wallace Advisory Group LLC purchased a new stake in iShares MSCI India ETF during the third quarter valued at about $650,000.

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.