iShares India 50 ETF (NASDAQ:INDY) Reaches New 1-Year Low – Here’s Why

iShares India 50 ETF (NASDAQ:INDY) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $46.01 and last traded at $46.2540, with a volume of 36296 shares. The stock had previously closed at $47.19.

iShares India 50 ETF Stock Down 2.1%

The business’s fifty day moving average is $48.21 and its two-hundred day moving average is $50.85. The stock has a market capitalization of $605.42 million, a PE ratio of 23.21 and a beta of 0.45.

iShares India 50 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $3.9951 per share. This represents a yield of 1,664.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares India 50 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of iShares India 50 ETF by 192.1% during the first quarter. Royal Bank of Canada now owns 87,811 shares of the company’s stock worth $4,458,000 after purchasing an additional 57,749 shares during the last quarter. Obermeyer Wealth Partners bought a new stake in iShares India 50 ETF during the 2nd quarter valued at about $250,000. Creative Planning boosted its position in iShares India 50 ETF by 1.1% in the 2nd quarter. Creative Planning now owns 24,888 shares of the company’s stock valued at $1,353,000 after buying an additional 260 shares during the period. Cetera Investment Advisers grew its stake in iShares India 50 ETF by 18.3% in the 2nd quarter. Cetera Investment Advisers now owns 12,490 shares of the company’s stock worth $679,000 after acquiring an additional 1,931 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of iShares India 50 ETF during the second quarter worth approximately $202,000.

About iShares India 50 ETF

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.