Northwestern Mutual Wealth Management Co. Has $16.85 Million Position in iShares India 50 ETF $INDY

Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares India 50 ETF (NASDAQ:INDY) by 20,265.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 341,941 shares of the company’s stock after buying an additional 340,262 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares India 50 ETF were worth $16,854,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Truist Financial Corp grew its position in iShares India 50 ETF by 14.8% during the fourth quarter. Truist Financial Corp now owns 30,049 shares of the company’s stock worth $1,481,000 after buying an additional 3,869 shares in the last quarter. UBS Group AG boosted its holdings in shares of iShares India 50 ETF by 9.8% in the 4th quarter. UBS Group AG now owns 163,901 shares of the company’s stock valued at $8,079,000 after purchasing an additional 14,663 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings 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 in the last quarter. Webster Bank N. A. boosted its holdings in shares of iShares India 50 ETF by 9.9% in the 4th quarter. Webster Bank N. A. now owns 3,390 shares of the company’s stock valued at $167,000 after purchasing an additional 305 shares in the last quarter. Finally, Patriot Investment Management Group Inc. acquired a new stake in shares of iShares India 50 ETF in the 4th quarter valued at $369,000.

iShares India 50 ETF Stock Performance

Shares of INDY stock opened at $42.34 on Thursday. The stock’s fifty day moving average price is $43.23 and its two-hundred day moving average price is $47.45. The company has a market cap of $569.47 million, a PE ratio of 23.21 and a beta of 0.43. iShares India 50 ETF has a fifty-two week low of $40.82 and a fifty-two week high of $54.87.

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. 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.