iShares India 50 ETF (NASDAQ:INDY) Sees Unusually-High Trading Volume Following Dividend Announcement

iShares India 50 ETF (NASDAQ:INDY) saw strong trading volume on Monday following a dividend announcement from the company. 111,029 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 80,389 shares.The stock last traded at $53.36 and had previously closed at $53.46.

The newly announced dividend which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th will be paid a $0.0801 dividend. The ex-dividend date is Tuesday, December 17th.

iShares India 50 ETF Stock Down 2.1 %

The firm has a market capitalization of $922.21 million, a PE ratio of 25.20 and a beta of 0.70. The business has a 50-day moving average price of $53.24 and a 200-day moving average price of $53.89.

Institutional Trading of iShares India 50 ETF

Large investors have recently added to or reduced their stakes in the stock. Optimum Investment Advisors acquired a new position in shares of iShares India 50 ETF during the 3rd quarter valued at about $56,000. Farther Finance Advisors LLC boosted its holdings in iShares India 50 ETF by 421.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after purchasing an additional 940 shares during the last quarter. Lake Street Private Wealth LLC purchased a new stake in shares of iShares India 50 ETF in the 3rd quarter valued at approximately $204,000. Carret Asset Management LLC acquired a new stake in shares of iShares India 50 ETF during the 3rd quarter worth approximately $212,000. Finally, Waypoint Capital Advisors LLC purchased a new stake in shares of iShares India 50 ETF during the 2nd quarter valued at approximately $227,000.

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.