Mercer Global Advisors Inc. ADV Boosts Position in iShares India 50 ETF (NASDAQ:INDY)

Mercer Global Advisors Inc. ADV grew its stake in shares of iShares India 50 ETF (NASDAQ:INDY) by 91.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,139 shares of the company’s stock after purchasing an additional 8,182 shares during the quarter. Mercer Global Advisors Inc. ADV owned approximately 0.10% of iShares India 50 ETF worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of INDY. Wells Fargo & Company MN lifted its position in iShares India 50 ETF by 13.4% in the fourth quarter. Wells Fargo & Company MN now owns 261,061 shares of the company’s stock valued at $13,272,000 after acquiring an additional 30,751 shares during the last quarter. LPL Financial LLC increased its position in iShares India 50 ETF by 93.2% during the fourth quarter. LPL Financial LLC now owns 177,746 shares of the company’s stock worth $9,037,000 after buying an additional 85,760 shares during the period. Jane Street Group LLC acquired a new position in iShares India 50 ETF during the fourth quarter worth approximately $3,603,000. Pasadena Private Wealth LLC boosted its holdings in shares of iShares India 50 ETF by 3.1% in the fourth quarter. Pasadena Private Wealth LLC now owns 56,848 shares of the company’s stock valued at $2,890,000 after acquiring an additional 1,720 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares India 50 ETF during the fourth quarter worth approximately $2,299,000.

iShares India 50 ETF Price Performance

INDY stock opened at $51.94 on Friday. The company has a market cap of $680.41 million, a price-to-earnings ratio of 21.43 and a beta of 0.70. The company has a fifty day moving average price of $50.55 and a 200 day moving average price of $50.93. iShares India 50 ETF has a 12 month low of $46.93 and a 12 month high of $57.30.

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.