iShares India 50 ETF (NASDAQ:INDY) Trading Up 1% – Here’s Why

iShares India 50 ETF (NASDAQ:INDY)’s stock price were up 1% during mid-day trading on Thursday . The company traded as high as $42.27 and last traded at $42.21. Approximately 174,802 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 163,528 shares. The stock had previously closed at $41.78.

iShares India 50 ETF Trading Up 1.0%

The business has a 50-day moving average price of $43.04 and a 200 day moving average price of $46.21. The stock has a market cap of $567.72 million, a PE ratio of 23.21 and a beta of 0.42.

Institutional Trading of iShares India 50 ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares India 50 ETF by 20,265.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 341,941 shares of the company’s stock worth $16,854,000 after purchasing an additional 340,262 shares in the last quarter. Bank of America Corp DE lifted its holdings in iShares India 50 ETF by 293.1% during the 1st 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. UBS Group AG lifted its holdings in iShares India 50 ETF by 9.8% during the 4th quarter. UBS Group AG now owns 163,901 shares of the company’s stock worth $8,079,000 after purchasing an additional 14,663 shares in the last quarter. Summit Financial LLC lifted its holdings in iShares India 50 ETF by 0.5% during the 4th quarter. Summit Financial LLC now owns 136,444 shares of the company’s stock worth $6,725,000 after purchasing an additional 734 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in 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 purchasing an additional 7,579 shares in 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.