iShares India 50 ETF (NASDAQ:INDY) Shares Down 1.1% – What’s Next?

iShares India 50 ETF (NASDAQ:INDY)’s stock price were down 1.1% during trading on Thursday . The stock traded as low as $41.99 and last traded at $42.05. Approximately 79,577 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 152,749 shares. The stock had previously closed at $42.53.

iShares India 50 ETF Trading Up 0.8%

The firm’s 50-day moving average price is $42.85 and its two-hundred day moving average price is $44.54. The stock has a market cap of $544.84 million, a PE ratio of 23.21 and a beta of 0.42.

iShares India 50 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.099 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares India 50 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Carret Asset Management LLC raised its position in shares of iShares India 50 ETF by 2.1% in the 4th quarter. Carret Asset Management LLC now owns 12,784 shares of the company’s stock worth $630,000 after acquiring an additional 260 shares in the last quarter. Webster Bank N. A. boosted its position in iShares India 50 ETF by 9.9% during the fourth quarter. Webster Bank N. A. now owns 3,390 shares of the company’s stock valued at $167,000 after purchasing an additional 305 shares in the last quarter. NewEdge Advisors LLC boosted its position in iShares India 50 ETF by 7.5% during the fourth quarter. NewEdge Advisors LLC now owns 4,448 shares of the company’s stock valued at $219,000 after purchasing an additional 312 shares in the last quarter. Signaturefd LLC grew its stake in iShares India 50 ETF by 8.1% in the fourth quarter. Signaturefd LLC now owns 4,511 shares of the company’s stock valued at $222,000 after purchasing an additional 338 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its stake in iShares India 50 ETF by 10.4% in the third quarter. CreativeOne Wealth LLC now owns 4,108 shares of the company’s stock valued at $209,000 after purchasing an additional 387 shares during the last quarter.

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.