Hsbc Holdings PLC Cuts Position in iShares MSCI India ETF $INDA

Hsbc Holdings PLC trimmed its holdings in shares of iShares MSCI India ETF (BATS:INDA) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,682 shares of the company’s stock after selling 16,862 shares during the period. Hsbc Holdings PLC owned about 0.11% of iShares MSCI India ETF worth $8,650,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealthspire Advisors LLC raised its stake in shares of iShares MSCI India ETF by 2.8% in the 4th quarter. Wealthspire Advisors LLC now owns 6,990 shares of the company’s stock valued at $378,000 after acquiring an additional 190 shares during the period. Cobblestone Asset Management LLC boosted its position in iShares MSCI India ETF by 1.7% during the 4th quarter. Cobblestone Asset Management LLC now owns 12,115 shares of the company’s stock worth $655,000 after purchasing an additional 206 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in iShares MSCI India ETF by 3.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,469 shares of the company’s stock worth $404,000 after purchasing an additional 243 shares during the period. Steadtrust LLC increased its holdings in iShares MSCI India ETF by 1.3% in the 4th quarter. Steadtrust LLC now owns 18,978 shares of the company’s stock valued at $1,026,000 after purchasing an additional 250 shares in the last quarter. Finally, Seven Mile Advisory raised its position in iShares MSCI India ETF by 6.3% in the third quarter. Seven Mile Advisory now owns 4,380 shares of the company’s stock valued at $228,000 after purchasing an additional 260 shares during the period.

iShares MSCI India ETF Price Performance

Shares of INDA opened at $48.22 on Thursday. The stock’s 50-day moving average is $48.65 and its two-hundred day moving average is $49.89. The stock has a market cap of $8.37 billion, a PE ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a 12 month low of $45.21 and a 12 month high of $55.50.

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.