iShares India 50 ETF (NASDAQ:INDY) Trading 1% Higher – What’s Next?

Shares of iShares India 50 ETF (NASDAQ:INDY) traded up 1% during mid-day trading on Thursday . The stock traded as high as $42.27 and last traded at $42.21. 174,802 shares changed hands during trading, an increase of 7% from the average session volume of 163,528 shares. The stock had previously closed at $41.78.

iShares India 50 ETF Stock Up 1.2%

The firm has a fifty day simple moving average of $43.05 and a 200-day simple moving average of $46.19. The company has a market cap of $574.32 million, a PE ratio of 23.21 and a beta of 0.42.

Hedge Funds Weigh In On iShares India 50 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in INDY. Royal Bank of Canada grew its holdings in shares of iShares India 50 ETF by 192.1% during the first quarter. Royal Bank of Canada now owns 87,811 shares of the company’s stock worth $4,458,000 after buying an additional 57,749 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares India 50 ETF by 18.3% during the second quarter. Cetera Investment Advisers now owns 12,490 shares of the company’s stock worth $679,000 after buying an additional 1,931 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of iShares India 50 ETF by 10.9% during the second quarter. Russell Investments Group Ltd. now owns 17,744 shares of the company’s stock worth $965,000 after buying an additional 1,744 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of iShares India 50 ETF by 81.0% during the second quarter. NewEdge Advisors LLC now owns 8,797 shares of the company’s stock worth $478,000 after buying an additional 3,936 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of iShares India 50 ETF by 5.8% during the second quarter. Raymond James Financial Inc. now owns 35,450 shares of the company’s stock worth $1,928,000 after buying an additional 1,939 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.