JPMorgan Chase & Co. Cuts Stake in iShares MSCI India ETF (BATS:INDA)

JPMorgan Chase & Co. reduced its position in shares of iShares MSCI India ETF (BATS:INDA) by 33.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,710,199 shares of the company’s stock after selling 1,900,969 shares during the period. JPMorgan Chase & Co. owned about 2.01% of iShares MSCI India ETF worth $217,158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC raised its position in shares of iShares MSCI India ETF by 7,516.9% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 9,434,018 shares of the company’s stock valued at $498,917,000 after purchasing an additional 9,310,161 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in iShares MSCI India ETF during the third quarter worth $175,931,000. Varma Mutual Pension Insurance Co boosted its holdings in iShares MSCI India ETF by 386.7% in the second quarter. Varma Mutual Pension Insurance Co now owns 3,675,921 shares of the company’s stock worth $205,043,000 after purchasing an additional 2,920,650 shares during the period. MBB Public Markets I LLC increased its stake in iShares MSCI India ETF by 1,337.1% during the second quarter. MBB Public Markets I LLC now owns 1,861,500 shares of the company’s stock valued at $103,834,000 after purchasing an additional 1,731,971 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of iShares MSCI India ETF during the third quarter worth $64,771,000.

iShares MSCI India ETF Stock Performance

BATS INDA opened at $52.65 on Tuesday. iShares MSCI India ETF has a one year low of $30.57 and a one year high of $38.21. The company has a 50-day simple moving average of $54.59 and a 200-day simple moving average of $55.99. The firm has a market capitalization of $9.73 billion, a PE ratio of 28.95 and a beta of 0.51.

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.