Merit Financial Group LLC Grows Stock Position in iShares MSCI India ETF (BATS:INDA)

Merit Financial Group LLC boosted its position in iShares MSCI India ETF (BATS:INDA) by 6.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,083 shares of the company’s stock after purchasing an additional 649 shares during the period. Merit Financial Group LLC’s holdings in iShares MSCI India ETF were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Flagstar Advisors Inc. increased its position in iShares MSCI India ETF by 8.6% in the first quarter. Flagstar Advisors Inc. now owns 19,818 shares of the company’s stock worth $1,020,000 after buying an additional 1,571 shares during the last quarter. Advance Capital Management Inc. grew its position in shares of iShares MSCI India ETF by 6.8% in the first quarter. Advance Capital Management Inc. now owns 4,609 shares of the company’s stock valued at $237,000 after purchasing an additional 294 shares in the last quarter. Mechanics Bank Trust Department grew its position in shares of iShares MSCI India ETF by 6.4% in the first quarter. Mechanics Bank Trust Department now owns 59,681 shares of the company’s stock valued at $3,072,000 after purchasing an additional 3,579 shares in the last quarter. Nipun Capital L.P. grew its position in shares of iShares MSCI India ETF by 8.5% in the first quarter. Nipun Capital L.P. now owns 1,749,945 shares of the company’s stock valued at $90,087,000 after purchasing an additional 136,600 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of iShares MSCI India ETF by 194.6% in the first quarter. Parallel Advisors LLC now owns 4,882 shares of the company’s stock valued at $251,000 after purchasing an additional 3,225 shares in the last quarter.

iShares MSCI India ETF Stock Performance

Shares of BATS INDA opened at $55.27 on Tuesday. The stock has a market cap of $9.41 billion, a PE ratio of 22.81 and a beta of 0.48. iShares MSCI India ETF has a fifty-two week low of $47.60 and a fifty-two week high of $59.49. The stock has a fifty day moving average of $53.00 and a 200-day moving average of $52.16.

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.