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

iShares India 50 ETF (NASDAQ:INDY) reached a new 52-week low on Tuesday . The company traded as low as $41.82 and last traded at $41.93, with a volume of 161710 shares changing hands. The stock had previously closed at $43.01.

iShares India 50 ETF Trading Down 2.6%

The firm has a market capitalization of $548.89 million, a price-to-earnings ratio of 23.21 and a beta of 0.45. The stock has a fifty day moving average price of $46.65 and a 200-day moving average price of $49.99.

Institutional Trading of iShares India 50 ETF

A number of large investors have recently bought and sold shares of the stock. Pursue Wealth Partners LLC boosted its position in iShares India 50 ETF by 177.1% in the second quarter. Pursue Wealth Partners LLC now owns 13,857 shares of the company’s stock valued at $754,000 after buying an additional 8,857 shares in the last quarter. Quadrature Capital Ltd grew its stake in iShares India 50 ETF by 978.9% during the second quarter. Quadrature Capital Ltd now owns 46,866 shares of the company’s stock worth $2,548,000 after buying an additional 42,522 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of iShares India 50 ETF during the second quarter worth approximately $202,000. Seaview Investment Managers LLC bought a new position in shares of iShares India 50 ETF in the second quarter valued at approximately $620,000. Finally, Jones Financial Companies Lllp raised its stake in shares of iShares India 50 ETF by 46.4% in the third quarter. Jones Financial Companies Lllp now owns 17,739 shares of the company’s stock valued at $907,000 after acquiring an additional 5,626 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.