Diversify Wealth Management LLC Reduces Its Stake in iShares MSCI India ETF

Diversify Wealth Management LLC has recently reduced its investment in the iShares MSCI India ETF (BATS:INDA) by 30.6% during the fourth quarter. According to reports, the institutional investor now holds 4,678 shares after selling 2,059 shares during this period. The value of Diversify Wealth Management LLC's investment in the iShares MSCI India ETF is approximately $240,000 as per their latest filing with the Securities and Exchange Commission (SEC).

In addition to Diversify Wealth Management, several other institutional investors made adjustments to their holdings in the iShares MSCI India ETF. For instance, American Century Companies Inc. acquired a new stake worth $4,842,000 in shares during the second quarter. Envestnet Asset Management Inc. significantly increased its position in this ETF, raising its holdings by 90.6% and now owns 127,593 shares valued at $7,117,000 after acquiring an additional 60,634 shares last quarter. Mercer Global Advisors Inc. ADV also increased its stake by 45.7%, owning 14,891 shares worth $831,000 after an additional purchase of 4,672 shares.

Furthermore, Sei Investments Co. grew its investment in the iShares MSCI India ETF by 8.2%, now possessing 169,757 shares valued at $9,469,000 following an acquisition of 12,836 additional shares. Finally, Thrivent Financial for Lutherans made a new investment in the ETF, valued at approximately $1,198,000.

Current Trading Overview of iShares MSCI India ETF

As of Thursday, the iShares MSCI India ETF's stock opened at $50.62. The ETF has a 50-day moving average of $53.53 and a 200-day average of $55.53. With a market capitalization of $9.35 billion, the ETF has a price-to-earnings (P/E) ratio of 28.95 and a beta of 0.51. Over the past 12 months, the ETF has seen a low of $30.57 and a high of $38.21.

About iShares MSCI India ETF

The iShares MSCI India ETF (INDA) is an exchange-traded fund that tracks the MSCI India Index. This index is market-cap-weighted, representing the top 85% of companies in the Indian securities market. The ETF was launched on February 2, 2012, and is managed by BlackRock.

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