iShares India 50 ETF (NASDAQ:INDY) Sees Large Volume Increase – Still a Buy?

Shares of iShares India 50 ETF (NASDAQ:INDY) saw an uptick in trading volume on Friday . 120,191 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 75,812 shares.The stock last traded at $49.72 and had previously closed at $49.86.

iShares India 50 ETF Price Performance

The stock has a market capitalization of $886.25 million, a P/E ratio of 25.20 and a beta of 0.70. The stock has a fifty day moving average price of $51.65 and a 200 day moving average price of $53.44.

iShares India 50 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.0801 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares India 50 ETF

A number of institutional investors and hedge funds have recently modified their holdings of INDY. Pine Valley Investments Ltd Liability Co increased its holdings in iShares India 50 ETF by 4.2% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,991 shares of the company’s stock worth $281,000 after acquiring an additional 200 shares during the period. Stifel Financial Corp grew its position in shares of iShares India 50 ETF by 3.5% during the 3rd quarter. Stifel Financial Corp now owns 6,544 shares of the company’s stock valued at $368,000 after purchasing an additional 223 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of iShares India 50 ETF by 10.2% in the third quarter. D.A. Davidson & CO. now owns 4,417 shares of the company’s stock worth $249,000 after purchasing an additional 408 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares India 50 ETF by 190.6% in the third quarter. JPMorgan Chase & Co. now owns 808 shares of the company’s stock worth $46,000 after purchasing an additional 530 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of iShares India 50 ETF by 421.5% in the third quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock worth $65,000 after buying an additional 940 shares in the last quarter.

iShares India 50 ETF Company Profile

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.