iShares India 50 ETF (NASDAQ:INDY) Trading Down 1.4% – Here’s What Happened

Shares of iShares India 50 ETF (NASDAQ:INDY) traded down 1.4% on Monday . The stock traded as low as $47.70 and last traded at $47.77. 132,197 shares changed hands during trading, a decline of 27% from the average session volume of 180,606 shares. The stock had previously closed at $48.44.

iShares India 50 ETF Stock Down 1.4%

The stock has a market capitalization of $625.79 million, a price-to-earnings ratio of 23.21 and a beta of 0.45. The company’s 50-day moving average is $48.29 and its 200-day moving average is $50.96.

iShares India 50 ETF Dividend Announcement

The company also recently announced 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 yield of 1,664.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares India 50 ETF

Institutional investors have recently made changes to their positions in the company. First Horizon Corp purchased a new position in iShares India 50 ETF in the third quarter worth approximately $44,000. TD Waterhouse Canada Inc. lifted its stake in shares of iShares India 50 ETF by 108.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock valued at $44,000 after purchasing an additional 462 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of iShares India 50 ETF during the 3rd quarter worth $55,000. Harbor Investment Advisory LLC acquired a new stake in shares of iShares India 50 ETF during the 4th quarter worth about $54,000. Finally, PNC Financial Services Group Inc. increased its position in shares of iShares India 50 ETF by 11.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock worth $95,000 after purchasing an additional 198 shares during the last quarter.

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.