Avalon Capital Management Increases Stock Position in iShares MSCI India ETF $INDA

Avalon Capital Management lifted its holdings in shares of iShares MSCI India ETF (BATS:INDA) by 1,667.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,150 shares of the company’s stock after buying an additional 75,615 shares during the quarter. iShares MSCI India ETF comprises 1.0% of Avalon Capital Management’s investment portfolio, making the stock its 26th biggest position. Avalon Capital Management’s holdings in iShares MSCI India ETF were worth $4,332,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INDA. Blue Square Asset Management LLC increased its holdings in iShares MSCI India ETF by 34.1% during the 4th quarter. Blue Square Asset Management LLC now owns 150,775 shares of the company’s stock worth $8,149,000 after acquiring an additional 38,366 shares during the period. CI Investments Inc. increased its holdings in iShares MSCI India ETF by 52.2% during the 3rd quarter. CI Investments Inc. now owns 35,000 shares of the company’s stock worth $1,822,000 after acquiring an additional 12,000 shares during the period. Exchange Traded Concepts LLC bought a new stake in iShares MSCI India ETF during the 4th quarter worth approximately $8,904,000. Castellan Group bought a new stake in iShares MSCI India ETF during the 4th quarter worth approximately $1,885,000. Finally, BlueCrest Capital Management Ltd increased its holdings in iShares MSCI India ETF by 213.5% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 116,000 shares of the company’s stock worth $6,039,000 after acquiring an additional 79,000 shares during the period.

iShares MSCI India ETF Trading Down 1.4%

iShares MSCI India ETF stock opened at $47.36 on Thursday. The firm’s 50 day simple moving average is $48.45 and its 200 day simple moving average is $51.14. The firm has a market capitalization of $8.22 billion, a PE ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a 1-year low of $45.21 and a 1-year high of $56.01.

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.