iShares India 50 ETF (NASDAQ:INDY) Sets New 1-Year Low – Time to Sell?

iShares India 50 ETF (NASDAQ:INDY) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $48.43 and last traded at $48.45, with a volume of 4583 shares traded. The stock had previously closed at $48.54.

iShares India 50 ETF Stock Performance

The firm’s fifty day moving average price is $50.28 and its 200 day moving average price is $52.76. The firm has a market cap of $850.03 million, a P/E ratio of 25.20 and a beta of 0.70.

iShares India 50 ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.0801 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in iShares India 50 ETF by 190.6% during the third quarter. JPMorgan Chase & Co. now owns 808 shares of the company’s stock valued at $46,000 after purchasing an additional 530 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of iShares India 50 ETF by 421.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after buying an additional 940 shares in the last quarter. BOCHK Asset Management Ltd bought a new stake in shares of iShares India 50 ETF in the 4th quarter valued at about $102,000. Optimum Investment Advisors grew its position in shares of iShares India 50 ETF by 253.5% in the 4th quarter. Optimum Investment Advisors now owns 3,535 shares of the company’s stock worth $180,000 after buying an additional 2,535 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of iShares India 50 ETF by 77.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,557 shares of the company’s stock worth $181,000 after acquiring an additional 1,548 shares in the last quarter.

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.