iShares India 50 ETF (NASDAQ:INDY) Sees Unusually-High Trading Volume – Still a Buy?

iShares India 50 ETF (NASDAQ:INDY) saw unusually-strong trading volume on Monday . Approximately 419,074 shares changed hands during mid-day trading, an increase of 187% from the previous session’s volume of 146,262 shares.The stock last traded at $46.8970 and had previously closed at $46.71.

iShares India 50 ETF Price Performance

The stock has a 50 day moving average of $50.47 and a two-hundred day moving average of $51.66. The stock has a market capitalization of $614.99 million, a PE ratio of 23.21 and a beta of 0.45.

iShares India 50 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $3.9951 dividend. This represents a dividend yield of 1,664.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Trading of iShares India 50 ETF

A number of large investors have recently made changes to their positions in the stock. Activest Wealth Management acquired a new stake in iShares India 50 ETF in the second quarter valued at approximately $25,000. First Horizon Corp purchased a new position in shares of iShares India 50 ETF in the third quarter valued at $44,000. Advisory Services Network LLC acquired a new stake in iShares India 50 ETF during the 3rd quarter valued at $55,000. Harbor Investment Advisory LLC purchased a new stake in iShares India 50 ETF during the 4th quarter worth $54,000. Finally, Farther Finance Advisors LLC increased its stake in iShares India 50 ETF by 36.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,316 shares of the company’s stock worth $72,000 after buying an additional 350 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.