Phoenix Financial Ltd. Sells 26,868 Shares of iShares MSCI India ETF $INDA

Phoenix Financial Ltd. lowered its position in shares of iShares MSCI India ETF (BATS:INDA) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,066,616 shares of the company’s stock after selling 26,868 shares during the quarter. Phoenix Financial Ltd. owned 0.86% of iShares MSCI India ETF worth $49,790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INDA. IFP Advisors Inc grew its holdings in shares of iShares MSCI India ETF by 13.1% in the second quarter. IFP Advisors Inc now owns 2,448 shares of the company’s stock valued at $121,000 after acquiring an additional 283 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of iShares MSCI India ETF by 6.5% during the third quarter. 180 Wealth Advisors LLC now owns 6,852 shares of the company’s stock valued at $320,000 after acquiring an additional 417 shares during the last quarter. Nvwm LLC lifted its holdings in iShares MSCI India ETF by 1.7% during the third quarter. Nvwm LLC now owns 26,087 shares of the company’s stock worth $1,218,000 after acquiring an additional 439 shares during the period. Invera Wealth Advisors LLC lifted its holdings in iShares MSCI India ETF by 11.5% during the third quarter. Invera Wealth Advisors LLC now owns 4,778 shares of the company’s stock worth $223,000 after acquiring an additional 491 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in iShares MSCI India ETF by 8.1% during the third quarter. Apollon Wealth Management LLC now owns 6,995 shares of the company’s stock worth $327,000 after acquiring an additional 522 shares during the period.

iShares MSCI India ETF Stock Down 0.2%

INDA stock traded down $0.10 during midday trading on Friday, hitting $51.45. The company’s stock had a trading volume of 5,920,423 shares, compared to its average volume of 7,082,393. The stock’s 50-day moving average price is $48.05 and its 200 day moving average price is $49.14. iShares MSCI India ETF has a 1 year low of $45.21 and a 1 year high of $55.10. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 20.76 and a beta of 0.46.

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.