Diversify Wealth Management LLC Reduces Holdings in iShares MSCI India ETF

Diversify Wealth Management LLC has decided to reduce its investment in the iShares MSCI India ETF (BATS:INDA) by 30.6% during the fourth quarter, according to reports. Following this decision, the institutional investor now holds 4,678 shares of the ETF, having sold off 2,059 shares in this timeframe. As per its latest filing with the Securities and Exchange Commission (SEC), Diversify Wealth Management LLC's total holdings in the iShares MSCI India ETF are valued at approximately $240,000.

In addition to Diversify Wealth Management, several other institutional investors have also adjusted their positions in the iShares MSCI India ETF recently. Notably, American Century Companies Inc. acquired a new stake during the second quarter, investing around $4,842,000. Furthermore, Envestnet Asset Management Inc. increased its holdings by a significant 90.6% during the same quarter, bringing their total to 127,593 shares, which are now valued at about $7,117,000. Similarly, Mercer Global Advisors Inc. ADV raised its investment by 45.7%, acquiring an additional 4,672 shares, resulting in a total of 14,891 shares worth $831,000. Sei Investments Co. also expanded its position by 8.2%, now holding 169,757 shares valued at $9,469,000 after adding 12,836 shares in the last quarter. Lastly, Thrivent Financial for Lutherans invested approximately $1,198,000 into the iShares MSCI India ETF during the second quarter.

Current iShares MSCI India ETF Performance

As of Thursday, the iShares MSCI India ETF (INDA) opened trading at $50.62. The ETF currently has a 50-day moving average of $53.53 and a 200-day moving average of $55.53. The total market capitalization of the iShares MSCI India ETF stands at $9.35 billion, with a price-to-earnings (P/E) ratio of 28.95 and a beta of 0.51. Over the past year, the ETF has experienced a low of $30.57 and a high of $38.21, highlighting the fluctuations in its value.

Understanding the iShares MSCI India ETF

The iShares MSCI India ETF (INDA) is an exchange-traded fund designed to track the performance of the MSCI India Index. This index is a market-cap-weighted measure that represents the top 85% of companies in the Indian stock market. Initially launched on February 2, 2012, the ETF is managed by BlackRock, a leading investment management firm.

Wealth, Investments, ETF