iShares India 50 ETF (NASDAQ:INDY) Shares Down 0.2% – Here’s What Happened

iShares India 50 ETF (NASDAQ:INDY)’s stock price fell 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 traded hands during 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 Price Performance

The company’s 50 day moving average price is $43.33 and its 200 day moving average price is $43.31. The firm has a market cap of $513.65 million, a PE ratio of 23.21 and a beta of 0.40.

Institutional Investors Weigh In On iShares India 50 ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares India 50 ETF by 20,265.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 341,941 shares of the company’s stock worth $16,854,000 after acquiring an additional 340,262 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares India 50 ETF by 293.1% in the first quarter. Bank of America Corp DE now owns 171,080 shares of the company’s stock valued at $7,226,000 after acquiring an additional 127,557 shares in the last quarter. UBS Group AG raised its stake in shares of iShares India 50 ETF by 9.8% in the fourth quarter. UBS Group AG now owns 163,901 shares of the company’s stock valued at $8,079,000 after acquiring an additional 14,663 shares in the last quarter. Royal Bank of Canada boosted its holdings in iShares India 50 ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 119,488 shares of the company’s stock valued at $5,046,000 after purchasing an additional 7,579 shares during the period. Finally, Cypress Capital Group boosted 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 purchasing an additional 3,930 shares during the period.

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.