Hsbc Holdings PLC Trims Stake in iShares MSCI India ETF $INDA

Hsbc Holdings PLC lessened its position in iShares MSCI India ETF (BATS:INDA) by 24.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,544 shares of the company’s stock after selling 66,642 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI India ETF were worth $10,888,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MYDA Advisors LLC bought a new position in iShares MSCI India ETF during the 1st quarter valued at about $1,030,000. Invesco Ltd. lifted its stake in iShares MSCI India ETF by 7.0% in the second quarter. Invesco Ltd. now owns 583,029 shares of the company’s stock worth $32,463,000 after purchasing an additional 38,190 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of iShares MSCI India ETF during the second quarter valued at approximately $350,000. Cerity Partners LLC boosted its position in shares of iShares MSCI India ETF by 29.7% during the second quarter. Cerity Partners LLC now owns 81,113 shares of the company’s stock valued at $4,516,000 after buying an additional 18,593 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares MSCI India ETF during the second quarter valued at approximately $354,000.

iShares MSCI India ETF Stock Performance

INDA opened at $49.43 on Friday. The stock’s 50 day moving average price is $48.82 and its 200-day moving average price is $50.50. iShares MSCI India ETF has a one year low of $45.21 and a one year high of $56.01. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48.

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.