5,071 Shares in iShares India 50 ETF (NASDAQ:INDY) Bought by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in iShares India 50 ETF (NASDAQ:INDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,071 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS Group AG raised its holdings in iShares India 50 ETF by 19.3% in the third quarter. UBS Group AG now owns 105,579 shares of the company’s stock worth $4,771,000 after purchasing an additional 17,100 shares in the last quarter. Toronto Dominion Bank bought a new position in iShares India 50 ETF in the third quarter worth $167,000. Pasadena Private Wealth LLC bought a new position in iShares India 50 ETF in the fourth quarter worth $2,760,000. Cambridge Investment Research Advisors Inc. bought a new position in iShares India 50 ETF in the third quarter worth $207,000. Finally, Rathbones Group PLC bought a new position in iShares India 50 ETF in the third quarter worth $444,000.

iShares India 50 ETF Trading Down 0.1 %

INDY opened at $49.44 on Friday. The stock has a fifty day simple moving average of $50.29 and a two-hundred day simple moving average of $48.25. The company has a market cap of $850.37 million, a price-to-earnings ratio of 22.30 and a beta of 0.70. iShares India 50 ETF has a 12-month low of $41.42 and a 12-month high of $51.53.

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.