iShares MSCI India ETF (BATS:INDA) Reaches New 52-Week High at $59.24

Shares of iShares MSCI India ETF (BATS:INDA) reached a new 52-week high during trading on Monday . The company traded as high as $59.24 and last traded at $59.17, with a volume of 2904649 shares changing hands. The stock had previously closed at $58.74.

iShares MSCI India ETF Price Performance

The firm’s fifty day simple moving average is $56.78 and its 200 day simple moving average is $54.36. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51.

Institutional Investors Weigh In On iShares MSCI India ETF

Several hedge funds have recently made changes to their positions in the company. Angeles Wealth Management LLC acquired a new stake in iShares MSCI India ETF during the 2nd quarter valued at $25,000. Founders Capital Management purchased a new stake in iShares MSCI India ETF in the 2nd quarter worth about $28,000. Abound Wealth Management acquired a new stake in iShares MSCI India ETF during the 2nd quarter worth about $28,000. Principal Securities Inc. acquired a new stake in iShares MSCI India ETF during the 4th quarter worth about $29,000. Finally, Bogart Wealth LLC purchased a new position in iShares MSCI India ETF during the 1st quarter valued at about $33,000.

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.