Diversify Wealth Management LLC Reduces Stake in iShares MSCI India ETF

Diversify Wealth Management LLC has decreased its investment in the iShares MSCI India ETF (BATS:INDA) by 30.6% during the fourth quarter, as reported by HoldingsChannel.com. By selling 2,059 shares in this timeframe, the institutional investor now holds 4,678 shares of the ETF. As of the latest filing with the Securities and Exchange Commission (SEC), Diversify Wealth Management's investment in the iShares MSCI India ETF is valued at approximately $240,000.

Other institutional investors have also adjusted their holdings in the iShares MSCI India ETF. For instance, American Century Companies Inc. acquired a new stake in this ETF during the second quarter, which is valued at $4,842,000. Additionally, Envestnet Asset Management Inc. increased its holdings by an impressive 90.6% during the same period, now owning 127,593 shares worth $7,117,000 after purchasing an additional 60,634 shares.

Furthermore, Mercer Global Advisors Inc. ADV raised its position by 45.7%, holding 14,891 shares valued at $831,000 after adding 4,672 shares. Sei Investments Co. also saw a growth of 8.2%, holding 169,757 shares now valued at $9,469,000 thanks to buying an extra 12,836 shares in the second quarter. Thrivent Financial for Lutherans entered the scene by buying a new stake valued at about $1,198,000 during the same quarter.

iShares MSCI India ETF Market Conditions

The iShares MSCI India ETF saw a slight dip of 0.6% recently, with the stock opening at $50.62. The ETF has a 50-day moving average of $53.53 and a 200-day moving average of $55.53. Currently, it boasts a market capitalization of approximately $9.35 billion, with a price-to-earnings (P/E) ratio of 28.95 and a beta of 0.51. The ETF's stock has experienced significant fluctuations, with a 12-month low of $30.57 and a high of $38.21.

Overview of iShares MSCI India ETF

The iShares MSCI India ETF (INDA) is an exchange-traded fund designed to track the MSCI India Index, which consists of the top 85% of firms in the Indian securities market based on market capitalization. Launched on February 2, 2012, it is managed by BlackRock.

Diversify, India, ETF