iShares MSCI India ETF (BATS:INDA) Hits New 1-Year Low – Should You Sell?

iShares MSCI India ETF (BATS:INDA)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $46.44 and last traded at $46.56, with a volume of 2859058 shares changing hands. The stock had previously closed at $47.63.

iShares MSCI India ETF Stock Performance

The firm has a fifty day moving average of $51.49 and a 200 day moving average of $52.94. The firm has a market capitalization of $8.08 billion, a PE ratio of 25.20 and a beta of 0.48.

Institutional Investors Weigh In On iShares MSCI India ETF

A number of large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its holdings in iShares MSCI India ETF by 17.3% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,290 shares of the company’s stock worth $67,000 after buying an additional 190 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in iShares MSCI India ETF by 2.8% in the fourth quarter. Wealthspire Advisors LLC now owns 6,990 shares of the company’s stock valued at $378,000 after purchasing an additional 190 shares during the last quarter. Murphy & Mullick Capital Management Corp increased its holdings in iShares MSCI India ETF by 2.8% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 7,220 shares of the company’s stock worth $388,000 after purchasing an additional 200 shares during the last quarter. Cobblestone Asset Management LLC raised its position in shares of iShares MSCI India ETF by 1.7% in the 4th quarter. Cobblestone Asset Management LLC now owns 12,115 shares of the company’s stock valued at $655,000 after purchasing an additional 206 shares in the last quarter. Finally, Smart Portfolios LLC boosted its stake in shares of iShares MSCI India ETF by 0.5% during the 3rd quarter. Smart Portfolios LLC now owns 45,041 shares of the company’s stock valued at $2,345,000 after buying an additional 213 shares during the last quarter.

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.