Diversify Wealth Management LLC Reduces Stake in iShares MSCI India ETF

Diversify Wealth Management LLC has recently reduced its holdings in the iShares MSCI India ETF (BATS:INDA – Free Report) by 30.6% in the fourth quarter, according to reports. Following the sale of 2,059 shares, the institutional investor now holds a total of 4,678 shares of the ETF. As per the latest filing with the Securities and Exchange Commission (SEC), Diversify Wealth Management LLC's total investment in the iShares MSCI India ETF is valued at approximately $240,000.

In addition to Diversify Wealth Management's actions, several other institutional investors have also made changes to their investments in this ETF recently. For instance, American Century Companies Inc. acquired a new stake in the iShares MSCI India ETF during the second quarter, amounting to $4,842,000. Likewise, Envestnet Asset Management Inc. increased its holdings by 90.6%, now owning 127,593 shares valued at $7,117,000 after purchasing an additional 60,634 shares in the last quarter.

Mercer Global Advisors Inc. ADV also expanded its position in the ETF by 45.7% in the second quarter, resulting in ownership of 14,891 shares worth $831,000 after acquiring an additional 4,672 shares during that period. Sei Investments Co. increased its stake by 8.2%, currently holding 169,757 shares valued at $9,469,000 after buying 12,836 more shares last quarter. Lastly, Thrivent Financial for Lutherans entered the market by purchasing a new stake in the ETF valued at about $1,198,000.

iShares MSCI India ETF Performance

As of Thursday, the iShares MSCI India ETF was trading down by 0.6%, opening at $50.62. The ETF has a 50-day moving average of $53.53 and a 200-day moving average of $55.53. The current market capitalization stands at approximately $9.35 billion, with a price-to-earnings ratio of 28.95 and a beta of 0.51. Over the past year, the ETF has seen a low of $30.57 and a high of $38.21.

About the iShares MSCI India ETF

The iShares MSCI India ETF (BATS:INDA) is an exchange-traded fund that aims to track the MSCI India index, which consists of the top 85% of companies in the Indian securities market based on market capitalization. This ETF was launched on February 2, 2012, and is managed by BlackRock.

Investments, ETF, Shares