Cypress Capital Group Sells 12,135 Shares of iShares India 50 ETF $INDY

by · The Cerbat Gem

Cypress Capital Group lessened its holdings in shares of iShares India 50 ETF (NASDAQ:INDY – Free Report) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,250 shares of the company’s stock after selling 12,135 shares during the quarter. Cypress Capital Group owned 0.50% of iShares India 50 ETF worth $3,321,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management bought a new position in iShares India 50 ETF in the 2nd quarter valued at about $25,000. First Horizon Corp bought a new stake in iShares India 50 ETF during the 3rd quarter worth approximately $44,000. Farther Finance Advisors LLC raised its stake in shares of iShares India 50 ETF by 36.2% in the second quarter. Farther Finance Advisors LLC now owns 1,316 shares of the company’s stock worth $72,000 after purchasing an additional 350 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of iShares India 50 ETF by 70.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,193 shares of the company’s stock worth $119,000 after purchasing an additional 909 shares during the last quarter. Finally, Webster Bank N. A. lifted its holdings in shares of iShares India 50 ETF by 20.5% in the third quarter. Webster Bank N. A. now owns 3,085 shares of the company’s stock valued at $157,000 after purchasing an additional 525 shares in the last quarter.

iShares India 50 ETF Trading Up 0.6%

Shares of iShares India 50 ETF stock opened at $47.04 on Friday. The stock has a fifty day simple moving average of $49.94 and a 200 day simple moving average of $51.50. iShares India 50 ETF has a 12-month low of $46.51 and a 12-month high of $54.87. The company has a market capitalization of $616.22 million, a P/E ratio of 23.21 and a beta of 0.45.

iShares India 50 ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors 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 of this dividend was Tuesday, December 16th.

About iShares India 50 ETF

(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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