iShares India 50 ETF (NASDAQ:INDY) Sees Large Volume Increase – What’s Next?

iShares India 50 ETF (NASDAQ:INDY) saw an uptick in trading volume on Tuesday . 116,845 shares changed hands during trading, a decline of 6% from the previous session’s volume of 124,471 shares.The stock last traded at $48.9550 and had previously closed at $48.87.

iShares India 50 ETF Price Performance

The stock has a market cap of $634.87 million, a P/E ratio of 23.21 and a beta of 0.45. The firm’s fifty day moving average price is $52.34 and its two-hundred day moving average price is $52.38.

iShares India 50 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $3.9951 dividend. This represents a yield of 1,664.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares India 50 ETF

A number of large investors have recently modified their holdings of the business. Activest Wealth Management bought a new position in shares of iShares India 50 ETF in the second quarter worth approximately $25,000. First Horizon Corp purchased a new position in iShares India 50 ETF in the 3rd quarter worth approximately $44,000. Advisory Services Network LLC bought a new position in shares of iShares India 50 ETF in the 3rd quarter worth $55,000. Farther Finance Advisors LLC increased its holdings in shares of iShares India 50 ETF by 36.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,316 shares of the company’s stock worth $72,000 after buying an additional 350 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares India 50 ETF by 11.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock valued at $95,000 after buying an additional 198 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. 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.