iShares India 50 ETF (NASDAQ:INDY) Sees Strong Trading Volume – Here’s Why

by · The Cerbat Gem

iShares India 50 ETF (NASDAQ:INDY – Get Free Report) saw strong trading volume on Tuesday . 116,845 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 124,471 shares.The stock last traded at $48.9550 and had previously closed at $48.87.

iShares India 50 ETF Trading Up 0.3%

The stock’s 50-day moving average price is $52.34 and its two-hundred day moving average price is $52.38. The stock has a market capitalization of $634.87 million, a P/E ratio of 23.21 and a beta of 0.45.

iShares India 50 ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in iShares India 50 ETF by 4,657.3% during the first quarter. Jones Financial Companies Lllp now owns 169,218 shares of the company’s stock valued at $8,591,000 after purchasing an additional 165,661 shares during the last quarter. UBS Group AG raised its position in shares of iShares India 50 ETF by 2.6% in the third quarter. UBS Group AG now owns 149,238 shares of the company’s stock valued at $7,596,000 after purchasing an additional 3,822 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares India 50 ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 117,462 shares of the company’s stock valued at $5,979,000 after buying an additional 7,933 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of iShares India 50 ETF by 192.1% during the 1st quarter. Royal Bank of Canada now owns 87,811 shares of the company’s stock valued at $4,458,000 after buying an additional 57,749 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in iShares India 50 ETF by 978.9% in the 2nd 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 period.

iShares India 50 ETF Company Profile

(Get Free Report)

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.

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