iShares MSCI India ETF $INDA Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in iShares MSCI India ETF (BATS:INDA) by 6.7% in the second quarter, Holdings Channel.com reports. The fund owned 1,575,032 shares of the company’s stock after selling 113,220 shares during the quarter. Franklin Resources Inc.’s holdings in iShares MSCI India ETF were worth $87,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Ramirez Asset Management Inc. acquired a new stake in shares of iShares MSCI India ETF during the first quarter worth about $26,000. Centricity Wealth Management LLC acquired a new stake in shares of iShares MSCI India ETF in the 2nd quarter valued at about $31,000. WealthShield Partners LLC grew its stake in iShares MSCI India ETF by 278.7% during the 2nd quarter. WealthShield Partners LLC now owns 693 shares of the company’s stock worth $39,000 after buying an additional 510 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in iShares MSCI India ETF during the second quarter worth approximately $40,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new stake in iShares MSCI India ETF in the second quarter valued at approximately $53,000.

iShares MSCI India ETF Trading Up 6.4%

INDA stock opened at $54.21 on Tuesday. The company has a market capitalization of $9.41 billion, a P/E ratio of 25.20 and a beta of 0.48. iShares MSCI India ETF has a twelve month low of $47.60 and a twelve month high of $59.49. The business has a 50 day simple moving average of $53.76 and a 200-day simple moving average of $53.87.

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.