Park Place Capital Corp Buys New Shares in iShares India 50 ETF (NASDAQ:INDY)

Park Place Capital Corp bought a new stake in shares of iShares India 50 ETF (NASDAQ:INDY) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 640 shares of the company’s stock, valued at approximately $34,000.

A number of other large investors also recently modified their holdings of INDY. Banque Cantonale Vaudoise bought a new position in iShares India 50 ETF during the 1st quarter valued at about $35,000. Spire Wealth Management increased its stake in iShares India 50 ETF by 88.2% during the 4th quarter. Spire Wealth Management now owns 1,600 shares of the company’s stock valued at $79,000 after purchasing an additional 750 shares in the last quarter. Simplex Trading LLC increased its stake in iShares India 50 ETF by 683.2% during the 4th quarter. Simplex Trading LLC now owns 2,240 shares of the company’s stock valued at $110,000 after purchasing an additional 1,954 shares in the last quarter. Raymond James & Associates increased its stake in iShares India 50 ETF by 32.1% during the 4th quarter. Raymond James & Associates now owns 12,010 shares of the company’s stock valued at $592,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in iShares India 50 ETF by 50.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 9,569 shares of the company’s stock valued at $471,000 after purchasing an additional 3,226 shares in the last quarter.

iShares India 50 ETF Stock Down 1.3 %

Shares of NASDAQ:INDY traded down $0.73 during midday trading on Friday, reaching $53.93. The company’s stock had a trading volume of 89,770 shares, compared to its average volume of 85,551. The firm has a market capitalization of $949.17 million, a PE ratio of 25.20 and a beta of 0.70. iShares India 50 ETF has a twelve month low of $43.60 and a twelve month high of $55.40. The stock has a fifty day moving average of $53.33 and a 200 day moving average of $51.31.

iShares India 50 ETF Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.0418 per share. The ex-dividend date was Tuesday, June 11th.

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.