Shares of iShares India 50 ETF (NASDAQ:INDY – Get Free Report) saw an uptick in trading volume on Friday. Approximately 701,256 shares changed hands during trading, an increase of 428% from the average daily volume of 132,740 shares. The stock last traded at $42.3770 and had previously closed at $41.97.
iShares India 50 ETF Stock Up 1.2%
The company has a market cap of $507.35 million, a P/E ratio of 23.21 and a beta of 0.43. The firm’s 50 day moving average is $42.14 and its two-hundred day moving average is $43.76.
Institutional Trading of iShares India 50 ETF
Several hedge funds have recently modified their holdings of INDY. Bank of America Corp DE raised its position 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 during the period. Royal Bank of Canada lifted its position in shares of iShares India 50 ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 119,488 shares of the company’s stock worth $5,046,000 after buying an additional 7,579 shares in the last quarter. Cypress Capital Group increased its holdings 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 buying an additional 3,930 shares during the last quarter. Citadel Advisors LLC grew 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 during the period. Finally, Banque Pictet & Cie SA purchased a new stake in shares of iShares India 50 ETF during the 3rd quarter worth approximately $1,228,000.
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.
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