iShares India 50 ETF (NASDAQ:INDY) Sets New 52-Week Low – Should You Sell?

iShares India 50 ETF (NASDAQ:INDY) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $46.75 and last traded at $46.9360, with a volume of 31731 shares. The stock had previously closed at $47.10.

iShares India 50 ETF Trading Down 1.0%

The company has a 50-day moving average of $50.61 and a 200-day moving average of $51.75. The firm has a market capitalization of $611.90 million, a price-to-earnings ratio of 23.21 and a beta of 0.45.

iShares India 50 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $3.9951 per share. This represents a yield of 1,664.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares India 50 ETF

Several hedge funds have recently bought and sold shares of INDY. Farther Finance Advisors LLC increased its position in iShares India 50 ETF by 36.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,316 shares of the company’s stock valued at $72,000 after acquiring an additional 350 shares during the period. Owen LaRue LLC acquired a new position in iShares India 50 ETF during the 2nd quarter worth $2,351,000. Obermeyer Wealth Partners bought a new position in shares of iShares India 50 ETF in the second quarter worth $250,000. Truist Financial Corp grew its stake in shares of iShares India 50 ETF by 15.4% in the second quarter. Truist Financial Corp now owns 23,163 shares of the company’s stock worth $1,260,000 after purchasing an additional 3,088 shares in the last quarter. Finally, Quadrature Capital Ltd increased its holdings in shares of iShares India 50 ETF by 978.9% during the second quarter. Quadrature Capital Ltd now owns 46,866 shares of the company’s stock valued at $2,548,000 after purchasing an additional 42,522 shares during the period.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.