iShares India 50 ETF (NASDAQ:INDY) Reaches New 1-Year Low – Here’s What Happened

Shares of iShares India 50 ETF (NASDAQ:INDY) hit a new 52-week low during trading on Monday . The company traded as low as $40.95 and last traded at $40.97, with a volume of 18309 shares trading hands. The stock had previously closed at $41.24.

iShares India 50 ETF Trading Down 0.5%

The firm has a market capitalization of $537.76 million, a price-to-earnings ratio of 23.21 and a beta of 0.45. The business has a 50-day moving average price of $46.15 and a two-hundred day moving average price of $49.72.

Institutional Trading of iShares India 50 ETF

A number of large investors have recently added to or reduced their stakes in INDY. PNC Financial Services Group Inc. lifted its stake 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 in the last quarter. Carret Asset Management LLC increased its stake in shares of iShares India 50 ETF by 2.1% in the fourth quarter. Carret Asset Management LLC now owns 12,784 shares of the company’s stock worth $630,000 after purchasing an additional 260 shares during the period. Webster Bank N. A. lifted its position in shares of iShares India 50 ETF by 9.9% during the 4th quarter. Webster Bank N. A. now owns 3,390 shares of the company’s stock worth $167,000 after purchasing an additional 305 shares during the last quarter. NewEdge Advisors LLC boosted its stake in iShares India 50 ETF by 7.5% during the 4th quarter. NewEdge Advisors LLC now owns 4,448 shares of the company’s stock valued at $219,000 after purchasing an additional 312 shares during the period. Finally, Signaturefd LLC grew its stake in shares of iShares India 50 ETF by 8.1% in the fourth quarter. Signaturefd LLC now owns 4,511 shares of the company’s stock worth $222,000 after acquiring an additional 338 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. 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.