MML Investors Services LLC Raises Holdings in iShares India 50 ETF (NASDAQ:INDY)

MML Investors Services LLC increased its holdings in iShares India 50 ETF (NASDAQ:INDY) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,299 shares of the company’s stock after acquiring an additional 1,449 shares during the period. MML Investors Services LLC owned approximately 0.17% of iShares India 50 ETF worth $1,706,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new position in iShares India 50 ETF during the third quarter worth $56,000. Farther Finance Advisors LLC lifted its stake in iShares India 50 ETF by 421.5% during the third quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock worth $65,000 after purchasing an additional 940 shares in the last quarter. Lake Street Private Wealth LLC acquired a new position in iShares India 50 ETF during the third quarter worth $204,000. Carret Asset Management LLC acquired a new position in iShares India 50 ETF during the third quarter worth $212,000. Finally, Waypoint Capital Advisors LLC acquired a new position in iShares India 50 ETF during the second quarter worth $227,000.

iShares India 50 ETF Stock Down 1.1 %

NASDAQ:INDY opened at $52.63 on Wednesday. The stock’s fifty day moving average is $53.24 and its two-hundred day moving average is $53.89. iShares India 50 ETF has a 52 week low of $47.89 and a 52 week high of $57.30. The stock has a market capitalization of $942.08 million, a price-to-earnings ratio of 25.20 and a beta of 0.70.

iShares India 50 ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.0801 per share. The ex-dividend date is Tuesday, December 17th.

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.