Merit Financial Group LLC Has $549,000 Stock Position in iShares MSCI India ETF (BATS:INDA)

Merit Financial Group LLC grew its stake in shares of iShares MSCI India ETF (BATS:INDA) by 153.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,434 shares of the company’s stock after acquiring an additional 6,314 shares during the period. Merit Financial Group LLC’s holdings in iShares MSCI India ETF were worth $549,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in INDA. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares MSCI India ETF by 5.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,415 shares of the company’s stock worth $2,127,000 after purchasing an additional 2,114 shares during the period. Geode Capital Management LLC acquired a new position in iShares MSCI India ETF in the 3rd quarter valued at $6,059,000. Bensler LLC increased its position in iShares MSCI India ETF by 2.3% during the 3rd quarter. Bensler LLC now owns 375,548 shares of the company’s stock worth $21,981,000 after buying an additional 8,546 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI India ETF by 29.5% during the third quarter. Farther Finance Advisors LLC now owns 1,317 shares of the company’s stock worth $77,000 after buying an additional 300 shares in the last quarter. Finally, Verus Financial Partners Inc. bought a new stake in shares of iShares MSCI India ETF in the third quarter valued at about $300,000.

iShares MSCI India ETF Stock Performance

INDA stock opened at $51.10 on Friday. iShares MSCI India ETF has a 52 week low of $30.57 and a 52 week high of $38.21. The company has a market capitalization of $9.44 billion, a PE ratio of 28.95 and a beta of 0.51. The company’s 50-day simple moving average is $53.48 and its 200 day simple moving average is $55.50.

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.