iShares India 50 ETF $INDY Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors lowered its holdings in iShares India 50 ETF (NASDAQ:INDY) by 34.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,309 shares of the company’s stock after selling 1,226 shares during the quarter. Optimum Investment Advisors’ holdings in iShares India 50 ETF were worth $126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in iShares India 50 ETF in the second quarter valued at $25,000. SouthState Corp purchased a new stake in iShares India 50 ETF in the first quarter valued at $60,000. Farther Finance Advisors LLC raised its position in 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 valued at $72,000 after purchasing an additional 350 shares during the period. National Bank of Canada FI purchased a new stake in iShares India 50 ETF in the first quarter valued at $212,000. Finally, GK Wealth Management LLC purchased a new stake in iShares India 50 ETF in the second quarter valued at $238,000.

iShares India 50 ETF Stock Down 0.4%

NASDAQ:INDY opened at $53.44 on Friday. iShares India 50 ETF has a 52 week low of $46.93 and a 52 week high of $54.87. The company has a market capitalization of $692.05 million, a P/E ratio of 23.21 and a beta of 0.70. The stock’s fifty day moving average is $51.99 and its two-hundred day moving average is $52.52.

iShares India 50 ETF 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.