iShares India 50 ETF (NASDAQ:INDY) Reaches New 52-Week Low – What’s Next?

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

iShares India 50 ETF Stock Performance

The stock has a 50-day moving average price of $47.13 and a two-hundred day moving average price of $50.23. The stock has a market capitalization of $562.65 million, a PE ratio of 23.21 and a beta of 0.45.

Hedge Funds Weigh In On iShares India 50 ETF

Hedge funds have recently modified their holdings of the company. First Horizon Corp purchased a new stake in shares of iShares India 50 ETF in the third quarter worth $44,000. TD Waterhouse Canada Inc. lifted its stake in shares of iShares India 50 ETF by 108.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock valued at $44,000 after buying an additional 462 shares in the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of iShares India 50 ETF during the 4th quarter valued at $54,000. Advisory Services Network LLC bought a new position in iShares India 50 ETF in the 3rd quarter worth $55,000. Finally, Blue Trust Inc. increased its stake in iShares India 50 ETF by 1,863.5% in the 4th quarter. Blue Trust Inc. now owns 1,885 shares of the company’s stock worth $93,000 after buying an additional 1,789 shares in 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.