Summit Financial LLC Purchases New Position in iShares MSCI India ETF (BATS:INDA)

Summit Financial LLC purchased a new stake in shares of iShares MSCI India ETF (BATS:INDA) during the 1st quarter, HoldingsChannel reports. The firm purchased 31,998 shares of the company’s stock, valued at approximately $1,651,000.

Several other institutional investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC raised its stake in shares of iShares MSCI India ETF by 25,969.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 602,975 shares of the company’s stock valued at $29,431,000 after buying an additional 600,662 shares during the last quarter. Deutsche Bank AG raised its position in iShares MSCI India ETF by 0.5% during the third quarter. Deutsche Bank AG now owns 2,288,215 shares of the company’s stock valued at $101,185,000 after acquiring an additional 12,500 shares in the last quarter. HighTower Advisors LLC acquired a new position in iShares MSCI India ETF in the third quarter valued at approximately $608,000. Envestnet Asset Management Inc. boosted its position in iShares MSCI India ETF by 35.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 87,259 shares of the company’s stock worth $3,859,000 after purchasing an additional 22,601 shares in the last quarter. Finally, Channing Global Advisors LLC purchased a new position in shares of iShares MSCI India ETF during the 4th quarter valued at approximately $4,203,000.

iShares MSCI India ETF Stock Performance

Shares of INDA traded up $0.52 during trading hours on Thursday, hitting $53.81. The stock had a trading volume of 6,916,288 shares. The firm has a 50-day moving average price of $51.83 and a 200 day moving average price of $49.80. iShares MSCI India ETF has a fifty-two week low of $30.57 and a fifty-two week high of $38.21. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51.

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.