iShares India 50 ETF (NASDAQ:INDY) Shares Up 0% – Still a Buy?

iShares India 50 ETF (NASDAQ:INDY)’s share price were up 0% during mid-day trading on Thursday . The stock traded as high as $43.89 and last traded at $43.77. Approximately 39,731 shares were traded during trading, a decline of 73% from the average session volume of 148,942 shares. The stock had previously closed at $43.75.

iShares India 50 ETF Stock Performance

The business’s fifty day simple moving average is $43.31 and its 200 day simple moving average is $44.09. The stock has a market cap of $560.65 million, a price-to-earnings ratio of 23.21 and a beta of 0.42.

iShares India 50 ETF Announces Dividend

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

Hedge Funds Weigh In On iShares India 50 ETF

Several large investors have recently added to or reduced their stakes in the company. Carret Asset Management LLC boosted its position in iShares India 50 ETF by 2.1% during 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 during the period. NewEdge Advisors LLC boosted its holdings 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 worth $219,000 after buying an additional 312 shares in the last quarter. CreativeOne Wealth LLC boosted its holdings in iShares India 50 ETF by 10.4% during the third quarter. CreativeOne Wealth LLC now owns 4,108 shares of the company’s stock worth $209,000 after buying an additional 387 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in iShares India 50 ETF by 108.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock worth $44,000 after buying an additional 462 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in iShares India 50 ETF by 8.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 8,480 shares of the company’s stock worth $418,000 after buying an additional 654 shares during the last quarter.

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.