Fosun International Ltd Buys Shares of 1,215,400 iShares MSCI India ETF $INDA

Fosun International Ltd bought a new stake in iShares MSCI India ETF (BATS:INDA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,215,400 shares of the company’s stock, valued at approximately $67,673,000. iShares MSCI India ETF accounts for approximately 18.0% of Fosun International Ltd’s investment portfolio, making the stock its 2nd largest holding. Fosun International Ltd owned approximately 0.70% of iShares MSCI India ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of INDA. Centricity Wealth Management LLC purchased a new position in iShares MSCI India ETF in the 2nd quarter valued at $31,000. WealthShield Partners LLC lifted its stake in shares of iShares MSCI India ETF by 278.7% in the 2nd quarter. WealthShield Partners LLC now owns 693 shares of the company’s stock worth $39,000 after acquiring an additional 510 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of iShares MSCI India ETF in the 2nd quarter worth $40,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of iShares MSCI India ETF in the second quarter valued at about $40,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares MSCI India ETF in the second quarter valued at about $53,000.

iShares MSCI India ETF Stock Up 6.0%

Shares of iShares MSCI India ETF stock opened at $53.98 on Monday. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a 52-week low of $47.60 and a 52-week high of $59.49. The company’s 50-day simple moving average is $53.92 and its 200-day simple moving average is $53.88.

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.