Diversify Wealth Management LLC Reduces Stake in iShares MSCI India ETF

Diversify Wealth Management LLC has recently trimmed its stake in the iShares MSCI India ETF (BATS:INDA). According to reports, the firm cut its holdings by 30.6% during the fourth quarter of last year. Following this sale, Diversify Wealth Management LLC now holds 4,678 shares of the ETF, having sold a total of 2,059 shares during the period.

As per the 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 made notable changes to their positions regarding the iShares MSCI India ETF. For instance, American Century Companies Inc. acquired a new position in INDA during the second quarter, valued at $4,842,000. Envestnet Asset Management Inc. substantially increased its stake by 90.6% in the same quarter, now holding 127,593 shares worth $7,117,000 after adding 60,634 shares.

Moreover, Mercer Global Advisors Inc. ADV enhanced its investment in the ETF by 45.7%, bringing its total to 14,891 shares, currently valued at around $831,000. Sei Investments Co. also grew its holdings by 8.2%, ending up with 169,757 shares worth $9,469,000. Finally, Thrivent Financial for Lutherans established a new position in the ETF valued at about $1,198,000.

Current Market Performance of iShares MSCI India ETF

The iShares MSCI India ETF is currently trading at $50.62, reflecting a slight decline of 0.6% as of Thursday’s opening. The moving averages indicate a 50-day average of $53.53 and a 200-day average of $55.53. The fund holds a market capitalization of $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 fluctuated, registering a low of $30.57 and a high of $38.21.

About iShares MSCI India ETF

The iShares MSCI India ETF is an exchange-traded fund that tracks the MSCI India index, reflecting the performance of the top 85% of companies in the Indian securities market, based on market capitalization. This ETF, launched on February 2, 2012, is managed by BlackRock.

Diversify, Investors, ETFs