Shares of iShares India 50 ETF (NASDAQ:INDY – Get Free Report) dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $41.65 and last traded at $41.76. 125,016 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 141,858 shares. The stock had previously closed at $41.83.
iShares India 50 ETF Trading Down 0.2%
The firm has a market cap of $513.65 million, a PE ratio of 23.21 and a beta of 0.40. The firm has a 50 day moving average price of $43.33 and a 200-day moving average price of $43.31.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in INDY. Citadel Advisors LLC raised its holdings in shares of iShares India 50 ETF by 20.1% in the 2nd quarter. Citadel Advisors LLC now owns 53,107 shares of the company’s stock valued at $2,307,000 after purchasing an additional 8,898 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iShares India 50 ETF by 293.1% during the first quarter. Bank of America Corp DE now owns 171,080 shares of the company’s stock worth $7,226,000 after purchasing an additional 127,557 shares in the last quarter. Royal Bank of Canada grew its stake in shares of iShares India 50 ETF by 6.8% during the first quarter. Royal Bank of Canada now owns 119,488 shares of the company’s stock worth $5,046,000 after purchasing an additional 7,579 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of iShares India 50 ETF by 9.2% during the first quarter. Lazard Asset Management LLC now owns 23,002 shares of the company’s stock worth $972,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Cypress Capital Group increased its holdings in iShares India 50 ETF by 6.0% in the first quarter. Cypress Capital Group now owns 69,835 shares of the company’s stock valued at $2,950,000 after buying an additional 3,930 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.
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