iShares India 50 ETF (NASDAQ:INDY) Sees Strong Trading Volume – Should You Buy?

iShares India 50 ETF (NASDAQ:INDY) saw strong trading volume on Thursday . 111,829 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 63,242 shares.The stock last traded at $49.78 and had previously closed at $49.99.

iShares India 50 ETF Stock Down 0.4 %

The stock has a market capitalization of $893.37 million, a PE ratio of 25.20 and a beta of 0.70. The firm’s fifty day moving average is $52.07 and its 200-day moving average is $53.68.

iShares India 50 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.0801 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares India 50 ETF

Hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC purchased a new position in shares of iShares India 50 ETF during the 3rd quarter worth about $229,000. Stifel Financial Corp grew its stake 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 buying an additional 223 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of iShares India 50 ETF by 421.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock worth $65,000 after buying an additional 940 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of iShares India 50 ETF in the 2nd quarter worth $317,000. Finally, Creative Planning boosted its holdings in iShares India 50 ETF by 8.5% in the third quarter. Creative Planning now owns 24,732 shares of the company’s stock valued at $1,392,000 after acquiring an additional 1,929 shares during 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.