iShares India 50 ETF (NASDAQ:INDY – Get Free Report) traded down 1.2% on Wednesday. The company traded as low as $40.33 and last traded at $40.50. Approximately 65,834 shares were traded during trading, a decline of 52% from the average session volume of 136,127 shares. The stock had previously closed at $40.99.
iShares India 50 ETF Trading Down 1.2%
The company’s 50-day moving average price is $42.89 and its two-hundred day moving average price is $42.98. The company has a market cap of $490.05 million, a P/E ratio of 23.21 and a beta of 0.43.
Hedge Funds Weigh In On iShares India 50 ETF
Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in iShares India 50 ETF during the first quarter valued at approximately $46,000. Blue Trust Inc. increased its holdings in shares of iShares India 50 ETF by 127.7% in the 1st quarter. Blue Trust Inc. now owns 4,293 shares of the company’s stock valued at $181,000 after acquiring an additional 2,408 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of iShares India 50 ETF by 9.2% in the 1st quarter. Lazard Asset Management LLC now owns 23,002 shares of the company’s stock valued at $972,000 after acquiring an additional 1,939 shares during the last quarter. Citadel Advisors LLC raised its position in shares of iShares India 50 ETF by 20.1% during the 2nd quarter. Citadel Advisors LLC now owns 53,107 shares of the company’s stock valued at $2,307,000 after acquiring an additional 8,898 shares in the last quarter. Finally, Cypress Capital Group lifted its stake in iShares India 50 ETF by 6.0% during the first quarter. Cypress Capital Group now owns 69,835 shares of the company’s stock worth $2,950,000 after purchasing 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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