Pictet Asset Management Holding SA Reduces Stake in iShares MSCI India ETF (BATS:INDA)

Pictet Asset Management Holding SA cut its stake in shares of iShares MSCI India ETF (BATS:INDA) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,307 shares of the company’s stock after selling 4,284 shares during the period. Pictet Asset Management Holding SA’s holdings in iShares MSCI India ETF were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of iShares MSCI India ETF by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 8,257,248 shares of the company’s stock worth $434,662,000 after purchasing an additional 228,036 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares MSCI India ETF by 79.0% during the fourth quarter. JPMorgan Chase & Co. now owns 6,639,889 shares of the company’s stock valued at $349,524,000 after buying an additional 2,929,690 shares during the period. Millburn Ridgefield Corp grew its stake in shares of iShares MSCI India ETF by 9.7% during the fourth quarter. Millburn Ridgefield Corp now owns 2,227,206 shares of the company’s stock valued at $117,240,000 after buying an additional 196,903 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI India ETF in the fourth quarter worth approximately $95,602,000. Finally, Nipun Capital L.P. lifted its stake in shares of iShares MSCI India ETF by 1.2% during the 4th quarter. Nipun Capital L.P. now owns 1,613,345 shares of the company’s stock worth $84,926,000 after acquiring an additional 19,000 shares during the last quarter.

iShares MSCI India ETF Price Performance

iShares MSCI India ETF has a 12-month low of $47.60 and a 12-month high of $59.49. The company has a market cap of $9.47 billion, a P/E ratio of 23.59 and a beta of 0.54. The firm has a 50 day simple moving average of $50.03 and a two-hundred day simple moving average of $53.15.

iShares MSCI India ETF Company 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.