iShares India 50 ETF (NASDAQ:INDY) Hits New 1-Year Low – Should You Sell?

iShares India 50 ETF (NASDAQ:INDY)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $49.02 and last traded at $49.03, with a volume of 20178 shares trading hands. The stock had previously closed at $49.10.

iShares India 50 ETF Stock Down 0.0 %

The firm has a market cap of $861.62 million, a price-to-earnings ratio of 25.20 and a beta of 0.70. The stock has a fifty day moving average price of $50.63 and a 200-day moving average price of $52.88.

iShares India 50 ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.0801 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new stake in iShares India 50 ETF in the third quarter valued at $229,000. JPMorgan Chase & Co. grew its stake in shares of iShares India 50 ETF by 190.6% in the third quarter. JPMorgan Chase & Co. now owns 808 shares of the company’s stock valued at $46,000 after buying an additional 530 shares in the last quarter. Stifel Financial Corp grew its stake in shares of iShares India 50 ETF by 3.5% in the third quarter. Stifel Financial Corp now owns 6,544 shares of the company’s stock valued at $368,000 after buying an additional 223 shares in the last quarter. Farther Finance Advisors LLC grew its stake in iShares India 50 ETF by 421.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after purchasing an additional 940 shares in the last quarter. Finally, Creative Planning lifted its holdings in iShares India 50 ETF by 8.5% during the 3rd quarter. Creative Planning now owns 24,732 shares of the company’s stock worth $1,392,000 after buying an additional 1,929 shares during 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.