GK Wealth Management LLC Lowers Stock Holdings in iShares MSCI India ETF $INDA

GK Wealth Management LLC lowered its position in shares of iShares MSCI India ETF (BATS:INDA) by 40.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 4,717 shares of the company’s stock after selling 3,224 shares during the quarter. GK Wealth Management LLC’s holdings in iShares MSCI India ETF were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Salem Investment Counselors Inc. increased its stake in shares of iShares MSCI India ETF by 166.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 480 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in shares of iShares MSCI India ETF in the 1st quarter valued at about $26,000. 10Elms LLP bought a new position in shares of iShares MSCI India ETF in the 4th quarter valued at about $32,000. Redwood Park Advisors LLC bought a new position in shares of iShares MSCI India ETF in the 1st quarter valued at about $38,000. Finally, MCF Advisors LLC lifted its holdings in shares of iShares MSCI India ETF by 460.7% in the 1st quarter. MCF Advisors LLC now owns 914 shares of the company’s stock valued at $47,000 after acquiring an additional 751 shares during the last quarter.

iShares MSCI India ETF Trading Up 4.3%

Shares of BATS:INDA opened at $53.14 on Thursday. 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 $9.23 billion, a price-to-earnings ratio of 25.20 and a beta of 0.48. The company has a 50-day moving average price of $53.52 and a 200 day moving average price of $52.78.

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.