iShares India 50 ETF (NASDAQ:INDY) Shares Up 0% – Here’s Why

iShares India 50 ETF (NASDAQ:INDY) were up 0% during mid-day trading on Thursday . The stock traded as high as $43.89 and last traded at $43.77. 39,731 shares changed hands during trading, a decline of 73% from the average session volume of 148,942 shares. The stock had previously closed at $43.75.

iShares India 50 ETF Trading Up 0.0%

The company has a market capitalization of $562.44 million, a PE ratio of 23.21 and a beta of 0.42. The company has a fifty day simple moving average of $43.27 and a 200-day simple moving average of $44.09.

iShares India 50 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.099 per share. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares India 50 ETF

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares India 50 ETF by 20,265.8% during 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 during the last quarter. Bank of America Corp DE increased its position 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 buying an additional 127,557 shares in the last quarter. Royal Bank of Canada raised its position in shares of 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 worth $4,458,000 after purchasing an additional 57,749 shares during the last quarter. OLD Mission Capital LLC lifted its position in shares of iShares India 50 ETF by 513.2% in the fourth quarter. OLD Mission Capital LLC now owns 64,199 shares of the company’s stock valued at $3,164,000 after acquiring an additional 53,729 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in iShares India 50 ETF during the third quarter worth approximately $1,028,000.

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.