Raymond James & Associates Raises Stock Holdings in iShares India 50 ETF (NASDAQ:INDY)

Raymond James & Associates lifted its holdings in iShares India 50 ETF (NASDAQ:INDY) by 32.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,010 shares of the company’s stock after buying an additional 2,915 shares during the quarter. Raymond James & Associates owned approximately 0.08% of iShares India 50 ETF worth $592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of INDY. Toronto Dominion Bank purchased a new stake in shares of iShares India 50 ETF in the third quarter worth approximately $167,000. Cambridge Investment Research Advisors Inc. bought a new position in iShares India 50 ETF in the third quarter worth approximately $207,000. Oppenheimer & Co. Inc. bought a new position in iShares India 50 ETF in the third quarter worth approximately $209,000. Kestra Advisory Services LLC bought a new position in iShares India 50 ETF in the third quarter worth approximately $213,000. Finally, D.A. Davidson & CO. bought a new position in iShares India 50 ETF in the third quarter worth approximately $216,000.

iShares India 50 ETF Stock Up 0.8 %

Shares of NASDAQ:INDY opened at $50.77 on Friday. iShares India 50 ETF has a 52-week low of $41.95 and a 52-week high of $51.53. The stock has a market cap of $873.24 million, a P/E ratio of 24.73 and a beta of 0.70. The business’s 50 day moving average is $50.36 and its 200 day moving average is $48.43.

iShares India 50 ETF 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.