iShares India 50 ETF (NASDAQ:INDY) Sets New 12-Month Low – Here’s Why

iShares India 50 ETF (NASDAQ:INDY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $49.02 and last traded at $49.03, with a volume of 20178 shares traded. The stock had previously closed at $49.10.

iShares India 50 ETF Stock Performance

The company has a market capitalization of $864.86 million, a PE ratio of 25.20 and a beta of 0.70. The firm’s 50-day simple moving average is $50.45 and its 200 day simple moving average is $52.82.

iShares India 50 ETF Announces Dividend

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

Institutional Investors Weigh In On iShares India 50 ETF

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of iShares India 50 ETF by 980.6% during the 4th quarter. Bank of America Corp DE now owns 266,222 shares of the company’s stock worth $13,535,000 after purchasing an additional 241,586 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of iShares India 50 ETF by 91.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,139 shares of the company’s stock worth $871,000 after purchasing an additional 8,182 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares India 50 ETF during the 4th quarter worth $3,603,000. MML Investors Services LLC boosted its position in shares of iShares India 50 ETF by 9.3% during the 4th quarter. MML Investors Services LLC now owns 33,122 shares of the company’s stock worth $1,684,000 after purchasing an additional 2,823 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of iShares India 50 ETF in the 4th quarter worth about $2,299,000.

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.