GSB Wealth Management LLC Lowers Stock Position in iShares MSCI India ETF (BATS:INDA)

GSB Wealth Management LLC reduced its stake in iShares MSCI India ETF (BATS:INDA) by 13.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,785 shares of the company’s stock after selling 3,855 shares during the quarter. GSB Wealth Management LLC’s holdings in iShares MSCI India ETF were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of INDA. ClariVest Asset Management LLC purchased a new stake in iShares MSCI India ETF in the first quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL bought a new position in iShares MSCI India ETF during the first quarter valued at approximately $34,000. Tower Research Capital LLC TRC bought a new position in iShares MSCI India ETF during the third quarter valued at approximately $37,000. CoreCap Advisors LLC bought a new position in iShares MSCI India ETF during the fourth quarter valued at approximately $53,000. Finally, U S Global Investors Inc. bought a new position in iShares MSCI India ETF during the first quarter valued at approximately $59,000.

iShares MSCI India ETF Price Performance

Shares of BATS INDA opened at $45.07 on Wednesday. iShares MSCI India ETF has a one year low of $30.57 and a one year high of $38.21. The firm’s 50 day simple moving average is $44.10 and its two-hundred day simple moving average is $41.98. The stock has a market capitalization of $6.07 billion, a P/E ratio of 23.86 and a beta of 0.68.

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.