iShares India 50 ETF (NASDAQ:INDY) Shares Down 1.1% – What’s Next?

iShares India 50 ETF (NASDAQ:INDY) fell 1.1% on Thursday . The stock traded as low as $41.99 and last traded at $42.05. Approximately 79,577 shares were traded during trading, a decline of 48% from the average daily volume of 152,749 shares. The stock had previously closed at $42.53.

iShares India 50 ETF Stock Performance

The company has a market capitalization of $540.34 million, a price-to-earnings ratio of 23.21 and a beta of 0.42. The company has a 50 day moving average price of $42.85 and a 200 day moving average price of $44.55.

iShares India 50 ETF Dividend Announcement

The company also recently disclosed 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 of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares India 50 ETF

A number of large investors have recently modified their holdings of INDY. Royal Bank of Canada increased its stake in iShares India 50 ETF by 192.1% during the 1st quarter. Royal Bank of Canada now owns 87,811 shares of the company’s stock valued at $4,458,000 after purchasing an additional 57,749 shares in the last quarter. Cetera Investment Advisers increased its position in shares of iShares India 50 ETF by 18.3% during the second quarter. Cetera Investment Advisers now owns 12,490 shares of the company’s stock worth $679,000 after acquiring an additional 1,931 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of iShares India 50 ETF by 10.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 17,744 shares of the company’s stock worth $965,000 after acquiring an additional 1,744 shares during the last quarter. NewEdge Advisors LLC lifted its position in iShares India 50 ETF by 81.0% in the 2nd quarter. NewEdge Advisors LLC now owns 8,797 shares of the company’s stock valued at $478,000 after acquiring an additional 3,936 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in iShares India 50 ETF by 5.8% in the 2nd quarter. Raymond James Financial Inc. now owns 35,450 shares of the company’s stock valued at $1,928,000 after acquiring an additional 1,939 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.