iShares India 50 ETF (NASDAQ:INDY) Shares Up 0.8% – Still a Buy?

iShares India 50 ETF (NASDAQ:INDY) shares rose 0.8% during mid-day trading on Thursday . The stock traded as high as $43.68 and last traded at $43.67. Approximately 101,569 shares were traded during trading, a decline of 36% from the average daily volume of 159,747 shares. The stock had previously closed at $43.34.

iShares India 50 ETF Trading Up 0.8%

The stock has a market capitalization of $561.16 million, a PE ratio of 23.21 and a beta of 0.42. The company’s 50-day moving average is $42.93 and its 200 day moving average is $45.20.

iShares India 50 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.099 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. lifted its stake 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 worth $44,000 after buying an additional 462 shares during the period. Fifth Third Bancorp acquired a new position in shares of iShares India 50 ETF in the 1st quarter valued at $46,000. Harbor Investment Advisory LLC purchased a new position in iShares India 50 ETF in the 4th quarter worth $54,000. Advisory Services Network LLC purchased a new position in iShares India 50 ETF in the 3rd quarter worth $55,000. Finally, Blue Trust Inc. lifted its position in iShares India 50 ETF by 1,863.5% during the 4th quarter. Blue Trust Inc. now owns 1,885 shares of the company’s stock worth $93,000 after acquiring an additional 1,789 shares during the period.

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.