Bessemer Group Inc. Sells 872,613 Shares of iShares MSCI India ETF $INDA

Bessemer Group Inc. lessened its holdings in shares of iShares MSCI India ETF (BATS:INDA) by 99.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,457 shares of the company’s stock after selling 872,613 shares during the quarter. Bessemer Group Inc.’s holdings in iShares MSCI India ETF were worth $396,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Ravenswood Partners LP acquired a new position in shares of iShares MSCI India ETF during the third quarter worth approximately $27,000. CoreCap Advisors LLC boosted its position in shares of iShares MSCI India ETF by 292.7% in the fourth quarter. CoreCap Advisors LLC now owns 538 shares of the company’s stock valued at $29,000 after acquiring an additional 401 shares during the period. Assetmark Inc. grew its stake in shares of iShares MSCI India ETF by 121.6% in the fourth quarter. Assetmark Inc. now owns 543 shares of the company’s stock worth $29,000 after acquiring an additional 298 shares during the last quarter. Global Trust Asset Management LLC grew its stake in shares of iShares MSCI India ETF by 835.9% in the first quarter. Global Trust Asset Management LLC now owns 599 shares of the company’s stock worth $28,000 after acquiring an additional 535 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in iShares MSCI India ETF during the fourth quarter worth $36,000.

iShares MSCI India ETF Trading Up 0.8%

Shares of INDA stock opened at $48.02 on Friday. The firm has a market capitalization of $8.34 billion, a P/E 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 $55.50. The firm’s fifty day simple moving average is $48.64 and its 200 day simple moving average is $49.83.

iShares MSCI India ETF Profile

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.