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

iShares India 50 ETF (NASDAQ:INDY) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $46.46 and last traded at $46.6910, with a volume of 998 shares changing hands. The stock had previously closed at $47.08.

iShares India 50 ETF Stock Up 0.1%

The stock has a fifty day moving average price of $49.62 and a two-hundred day moving average price of $51.35. The company has a market cap of $633.45 million, a price-to-earnings ratio of 23.21 and a beta of 0.45.

iShares India 50 ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $3.9951 per share. This represents a dividend yield of 1,664.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Investors Weigh In On iShares India 50 ETF

A number of large investors have recently added to or reduced their stakes in INDY. Obermeyer Wealth Partners bought a new stake in iShares India 50 ETF during the second quarter worth about $250,000. Truist Financial Corp lifted its holdings in shares of iShares India 50 ETF by 15.4% during the 2nd quarter. Truist Financial Corp now owns 23,163 shares of the company’s stock worth $1,260,000 after acquiring an additional 3,088 shares during the period. Quadrature Capital Ltd boosted its position in shares of iShares India 50 ETF by 978.9% during the 2nd quarter. Quadrature Capital Ltd now owns 46,866 shares of the company’s stock worth $2,548,000 after acquiring an additional 42,522 shares in the last quarter. CreativeOne Wealth LLC bought a new position in iShares India 50 ETF in the second quarter valued at approximately $202,000. Finally, Pursue Wealth Partners LLC raised its position in iShares India 50 ETF by 177.1% during the second quarter. Pursue Wealth Partners LLC now owns 13,857 shares of the company’s stock valued at $754,000 after purchasing an additional 8,857 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.