Exchange Traded Concepts LLC Acquires New Stake in iShares MSCI India ETF $INDA

Exchange Traded Concepts LLC acquired a new stake in iShares MSCI India ETF (BATS:INDA) during the fourth quarter, Holdings Channel reports. The fund acquired 164,736 shares of the company’s stock, valued at approximately $8,904,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Man Group plc grew its holdings in shares of iShares MSCI India ETF by 17.8% during the third quarter. Man Group plc now owns 4,424,910 shares of the company’s stock worth $230,361,000 after buying an additional 669,410 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of iShares MSCI India ETF by 10.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,215,575 shares of the company’s stock worth $234,723,000 after buying an additional 406,176 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of iShares MSCI India ETF by 0.3% in the third quarter. Vontobel Holding Ltd. now owns 2,780,668 shares of the company’s stock worth $144,762,000 after buying an additional 8,890 shares in the last quarter. Alliancebernstein L.P. acquired a new position in iShares MSCI India ETF during the third quarter worth about $120,217,000. Finally, IFM Investors Pty Ltd purchased a new stake in iShares MSCI India ETF during the 3rd quarter valued at about $93,034,000.

iShares MSCI India ETF Stock Performance

INDA stock opened at $45.82 on Monday. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a 12 month low of $45.71 and a 12 month high of $56.01. The firm has a 50-day moving average of $50.97 and a two-hundred day moving average of $52.76.

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.