iShares India 50 ETF (NASDAQ:INDY) Trading Up 0.8% – Still a Buy?

iShares India 50 ETF (NASDAQ:INDY) shares shot up 0.8% during mid-day trading on Thursday . The stock traded as high as $43.68 and last traded at $43.67. 101,569 shares were traded during mid-day trading, a decline of 36% from the average session volume of 159,747 shares. The stock had previously closed at $43.34.

iShares India 50 ETF Stock Up 0.8%

The firm has a market capitalization of $561.16 million, a PE ratio of 23.21 and a beta of 0.42. The company’s 50-day simple moving average is $42.93 and its 200 day simple moving average is $45.20.

iShares India 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.099 dividend. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares India 50 ETF

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of 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 valued at $7,226,000 after purchasing an additional 127,557 shares during the last quarter. Royal Bank of Canada increased its position 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 valued at $5,046,000 after buying an additional 7,579 shares in the last quarter. Lazard Asset Management LLC increased its position in iShares India 50 ETF by 9.2% during the 1st quarter. Lazard Asset Management LLC now owns 23,002 shares of the company’s stock valued at $972,000 after buying an additional 1,939 shares in the last quarter. Cypress Capital Group increased its position in iShares India 50 ETF by 6.0% during the 1st quarter. Cypress Capital Group now owns 69,835 shares of the company’s stock valued at $2,950,000 after buying an additional 3,930 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in iShares India 50 ETF in the first quarter valued at about $46,000.

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.