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

iShares India 50 ETF (NASDAQ:INDY) saw unusually-high trading volume on Tuesday . Approximately 32,608 shares were traded during trading, a decline of 61% from the previous session’s volume of 83,527 shares.The stock last traded at $54.90 and had previously closed at $54.99.

iShares India 50 ETF Trading Down 0.2 %

The stock’s 50 day moving average price is $54.05 and its two-hundred day moving average price is $51.86. The firm has a market capitalization of $965.01 million, a PE ratio of 25.20 and a beta of 0.70.

iShares India 50 ETF Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a dividend of $0.0418 per share. The ex-dividend date was Tuesday, June 11th.

Institutional Trading of iShares India 50 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of INDY. Park Place Capital Corp purchased a new stake in iShares India 50 ETF in the 2nd quarter worth approximately $34,000. Banque Cantonale Vaudoise purchased a new stake in shares of iShares India 50 ETF during the 1st quarter valued at $35,000. Spire Wealth Management grew its stake in shares of iShares India 50 ETF by 88.2% during the 4th quarter. Spire Wealth Management now owns 1,600 shares of the company’s stock valued at $79,000 after buying an additional 750 shares during the period. Simplex Trading LLC lifted its holdings in iShares India 50 ETF by 683.2% in the 4th quarter. Simplex Trading LLC now owns 2,240 shares of the company’s stock worth $110,000 after buying an additional 1,954 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in iShares India 50 ETF in the 1st quarter worth $204,000.

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.