iShares India 50 ETF (NASDAQ:INDY) Shares Up 0.8% – Here’s Why

iShares India 50 ETF (NASDAQ:INDY) shares shot up 0.8% during trading on Thursday . The stock traded as high as $43.68 and last traded at $43.67. Approximately 101,569 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 159,747 shares. The stock had previously closed at $43.34.

iShares India 50 ETF Stock Performance

The company has a 50-day simple moving average of $42.92 and a two-hundred day simple moving average of $45.19. The firm has a market capitalization of $561.16 million, a P/E ratio of 23.21 and a beta of 0.42.

iShares India 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.099 dividend. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares India 50 ETF

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in iShares India 50 ETF by 20,265.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 341,941 shares of the company’s stock worth $16,854,000 after purchasing an additional 340,262 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares India 50 ETF by 293.1% during the 1st quarter. Bank of America Corp DE now owns 171,080 shares of the company’s stock valued at $7,226,000 after buying an additional 127,557 shares in the last quarter. UBS Group AG boosted its holdings in shares of iShares India 50 ETF by 9.8% during the 4th quarter. UBS Group AG now owns 163,901 shares of the company’s stock valued at $8,079,000 after buying an additional 14,663 shares in the last quarter. Summit Financial LLC grew its position in shares of iShares India 50 ETF by 0.5% in the 4th quarter. Summit Financial LLC now owns 136,444 shares of the company’s stock worth $6,725,000 after buying an additional 734 shares during the period. Finally, Royal Bank of Canada grew its position in shares of iShares India 50 ETF by 6.8% in the 1st quarter. Royal Bank of Canada now owns 119,488 shares of the company’s stock worth $5,046,000 after buying an additional 7,579 shares during the period.

iShares India 50 ETF Company Profile

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.