Kovack Advisors Inc. Makes New Investment in iShares MSCI India ETF (BATS:INDA)

Kovack Advisors Inc. purchased a new stake in shares of iShares MSCI India ETF (BATS:INDA) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,691 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds also recently modified their holdings of INDA. Angeles Wealth Management LLC acquired a new position in shares of iShares MSCI India ETF in the 2nd quarter worth approximately $25,000. Founders Capital Management bought a new position in shares of iShares MSCI India ETF in the second quarter valued at $28,000. Abound Wealth Management bought a new position in shares of iShares MSCI India ETF in the second quarter valued at $28,000. Highline Wealth Partners LLC acquired a new stake in shares of iShares MSCI India ETF during the 3rd quarter valued at $29,000. Finally, Park Place Capital Corp bought a new stake in shares of iShares MSCI India ETF during the 2nd quarter worth $36,000.

iShares MSCI India ETF Stock Down 0.7 %

Shares of BATS INDA opened at $53.03 on Friday. iShares MSCI India ETF has a 52-week low of $30.57 and a 52-week high of $38.21. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 28.95 and a beta of 0.51. The stock’s fifty day simple moving average is $56.51 and its 200 day simple moving average is $55.64.

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.