iShares India 50 ETF (NASDAQ:INDY) Reaches New 12-Month Low – What’s Next?

iShares India 50 ETF (NASDAQ:INDY) hit a new 52-week low on Monday . The company traded as low as $48.43 and last traded at $48.45, with a volume of 4583 shares changing hands. The stock had previously closed at $48.54.

iShares India 50 ETF Stock Up 0.1 %

The stock has a market capitalization of $851.18 million, a P/E ratio of 25.20 and a beta of 0.70. The company has a 50 day moving average of $50.10 and a 200-day moving average of $52.69.

iShares India 50 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.0801 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares India 50 ETF

Several institutional investors have recently bought and sold shares of INDY. Bank of America Corp DE raised its holdings in iShares India 50 ETF by 980.6% during the fourth quarter. Bank of America Corp DE now owns 266,222 shares of the company’s stock worth $13,535,000 after purchasing an additional 241,586 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares India 50 ETF by 93.2% in the 4th quarter. LPL Financial LLC now owns 177,746 shares of the company’s stock worth $9,037,000 after buying an additional 85,760 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares India 50 ETF in the fourth quarter valued at $3,603,000. Raymond James Financial Inc. bought a new position in iShares India 50 ETF during the fourth quarter valued at about $2,299,000. Finally, Wells Fargo & Company MN grew its holdings in iShares India 50 ETF by 13.4% during the fourth quarter. Wells Fargo & Company MN now owns 261,061 shares of the company’s stock worth $13,272,000 after acquiring an additional 30,751 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.