Cypress Capital Group Reduces Stock Holdings in iShares India 50 ETF (NASDAQ:INDY)

Cypress Capital Group trimmed its position in iShares India 50 ETF (NASDAQ:INDY) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,804 shares of the company’s stock after selling 1,480 shares during the period. iShares India 50 ETF comprises 0.9% of Cypress Capital Group’s portfolio, making the stock its 27th biggest holding. Cypress Capital Group owned about 0.77% of iShares India 50 ETF worth $7,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Silver Oak Securities Incorporated bought a new position in shares of iShares India 50 ETF during the 4th quarter valued at approximately $1,331,000. Unique Wealth Strategies LLC bought a new position in shares of iShares India 50 ETF during the 4th quarter valued at approximately $714,000. International Assets Investment Management LLC bought a new position in shares of iShares India 50 ETF during the 4th quarter valued at approximately $243,000. Oppenheimer & Co. Inc. bought a new position in shares of iShares India 50 ETF during the 1st quarter valued at approximately $690,000. Finally, Spire Wealth Management grew its stake in shares of iShares India 50 ETF by 88.2% during the 4th quarter. Spire Wealth Management now owns 1,600 shares of the company’s stock valued at $79,000 after acquiring an additional 750 shares during the period.

iShares India 50 ETF Stock Up 0.8 %

INDY stock traded up $0.41 during midday trading on Friday, hitting $54.85. The company’s stock had a trading volume of 55,265 shares, compared to its average volume of 83,987. iShares India 50 ETF has a 12 month low of $43.60 and a 12 month high of $55.40. The firm has a market capitalization of $965.36 million, a price-to-earnings ratio of 25.20 and a beta of 0.70. The company has a 50 day moving average of $53.93 and a two-hundred day moving average of $51.77.

iShares India 50 ETF Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.0418 per share. The ex-dividend date was Tuesday, June 11th.

iShares India 50 ETF 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.