LPL Financial LLC Cuts Stake in iShares MSCI India ETF (BATS:INDA)

LPL Financial LLC lessened its stake in shares of iShares MSCI India ETF (BATS:INDA) by 56.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 812,591 shares of the company’s stock after selling 1,034,274 shares during the quarter. LPL Financial LLC owned 0.44% of iShares MSCI India ETF worth $42,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of INDA. Kestra Investment Management LLC purchased a new stake in shares of iShares MSCI India ETF during the 4th quarter valued at about $26,000. HM Payson & Co. purchased a new stake in shares of iShares MSCI India ETF during the fourth quarter valued at approximately $26,000. Creative Capital Management Investments LLC acquired a new position in shares of iShares MSCI India ETF during the fourth quarter worth $30,000. GAMMA Investing LLC purchased a new position in shares of iShares MSCI India ETF in the fourth quarter valued at $39,000. Finally, Finley Financial LLC acquired a new stake in iShares MSCI India ETF during the 4th quarter valued at $41,000.

iShares MSCI India ETF Price Performance

Shares of INDA stock opened at $51.30 on Friday. The company’s fifty day moving average price is $50.03 and its two-hundred day moving average price is $53.39. The firm has a market capitalization of $8.74 billion, a P/E ratio of 22.55 and a beta of 0.75. iShares MSCI India ETF has a 12 month low of $47.60 and a 12 month high of $59.49.

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.