iShares India 50 ETF (NASDAQ:INDY) Reaches New 12-Month Low – Time to Sell?

Shares of iShares India 50 ETF (NASDAQ:INDY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $42.92 and last traded at $42.98, with a volume of 73594 shares. The stock had previously closed at $43.72.

iShares India 50 ETF Stock Performance

The company has a 50-day simple moving average of $47.13 and a two-hundred day simple moving average of $50.23. The firm has a market capitalization of $562.65 million, a P/E ratio of 23.21 and a beta of 0.45.

Institutional Investors Weigh In On iShares India 50 ETF

Several hedge funds have recently made changes to their positions in INDY. First Horizon Corp purchased a new stake in iShares India 50 ETF in the third quarter worth $44,000. TD Waterhouse Canada Inc. grew its holdings in shares of iShares India 50 ETF by 108.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock valued at $44,000 after buying an additional 462 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of iShares India 50 ETF during the third quarter valued at approximately $55,000. Harbor Investment Advisory LLC purchased a new position in iShares India 50 ETF in the 4th quarter worth approximately $54,000. Finally, PNC Financial Services Group Inc. raised its holdings in iShares India 50 ETF by 11.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock worth $95,000 after acquiring an additional 198 shares during the last quarter.

iShares India 50 ETF Company 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. 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.