iShares MSCI India ETF $INDA Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its stake in shares of iShares MSCI India ETF (BATS:INDA) by 74.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 331,784 shares of the company’s stock after selling 978,640 shares during the period. USS Investment Management Ltd’s holdings in iShares MSCI India ETF were worth $15,531,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of iShares MSCI India ETF in the third quarter worth about $26,000. Ravenswood Partners LP acquired a new position in iShares MSCI India ETF in the third quarter valued at approximately $27,000. Global Trust Asset Management LLC boosted its position in iShares MSCI India ETF by 835.9% in the 1st quarter. Global Trust Asset Management LLC now owns 599 shares of the company’s stock worth $28,000 after purchasing an additional 535 shares in the last quarter. CoreCap Advisors LLC boosted its position in iShares MSCI India ETF by 292.7% in the 4th quarter. CoreCap Advisors LLC now owns 538 shares of the company’s stock worth $29,000 after purchasing an additional 401 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of iShares MSCI India ETF by 121.6% during the 4th quarter. Assetmark Inc. now owns 543 shares of the company’s stock worth $29,000 after purchasing an additional 298 shares during the period.

iShares MSCI India ETF Price Performance

BATS:INDA opened at $49.21 on Thursday. The company has a 50 day moving average price of $48.73 and a 200-day moving average price of $50.39. iShares MSCI India ETF has a 1-year low of $45.21 and a 1-year high of $55.80. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48.

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.