Perpetual Ltd Significantly Increases Its Position in iShares MSCI India ETF

In a notable expansion of its investment portfolio, Perpetual Ltd has raised its stake in the iShares MSCI India ETF (BATS:INDA) by a substantial 134.4% during the third quarter. The latest filings with the SEC reveal this increase, showcasing Perpetual Ltd's growing focus on the Indian market. Following its additional share purchases, the fund now possesses 290,306 shares in the ETF. This increase is a result of the acquisition of an additional 166,457 shares over the period. Perpetual Ltd's investment in iShares MSCI India ETF is estimated to be worth $12,837,000 according to the most current SEC filings, signifying a considerable position in the ETF at approximately 0.22% ownership.

Other Significant Movements in INDA Shares

Apart from Perpetual Ltd, several other influential hedge funds and institutional investors have also made recent adjustments to their stakes in INDA. JPMorgan Chase & Co. has propelled its ownership in the ETF by an impressive 2,722.6% in the second quarter, now holding 7,311,104 shares with a value of about $319,495,000. Sun Life Financial Inc. entered the scene by purchasing a new position in INDA during the second quarter, valued at nearly $95,729,000. Likewise, deepening its engagement, BlackRock Inc. increased its stake by 10.3% in the first quarter, now owning 13,008,323 shares worth around $512,008,000. Furthermore, in the first quarter, OLD Mission Capital LLC opted for a fresh investment in INDA, valued at approximately $41,274,000, whereas Goldman Sachs Group Inc. upped its stake by 110.8%, securing ownership of 1,895,713 shares priced at about $84,493,000.

Performance of iShares MSCI India ETF Stock

The iShares MSCI India ETF experienced a slight dip of 0.1% in its share price, opening at $48.30. The ETF holds a market capitalization of $6.51 billion, a price-to-earnings ratio of 23.86, and a beta of 0.68. With a 50-day simple moving average of $45.08 and a 200-day simple moving average of $44.26, the ETF's stock price has fluctuated between a fifty-two week low of $30.57 and a fifty-two week high of $38.21.

Understanding iShares MSCI India ETF

The iShares MSCI India ETF, symbolized as INDA, is an exchange-traded fund that aims to track the investment results of the MSCI India Index, which is composed of stocks representing the top 85% of the Indian securities market in terms of market capitalization. Launched on February 2, 2012, and managed by BlackRock, INDA provides investors with exposure to the large-, mid-, and small-cap segments of the Indian market.

Perpetual, iShares, Investment