JPMorgan Chase & Co. Boosts Stake in iShares India 50 ETF (NASDAQ:INDY)

JPMorgan Chase & Co. lifted its stake in iShares India 50 ETF (NASDAQ:INDY) by 190.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 808 shares of the company’s stock after purchasing an additional 530 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares India 50 ETF were worth $46,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pine Valley Investments Ltd Liability Co boosted its stake in shares of iShares India 50 ETF by 4.2% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,991 shares of the company’s stock valued at $281,000 after buying an additional 200 shares during the period. Stifel Financial Corp increased its position in iShares India 50 ETF by 3.5% during the third quarter. Stifel Financial Corp now owns 6,544 shares of the company’s stock worth $368,000 after buying an additional 223 shares during the period. D.A. Davidson & CO. increased its holdings in shares of iShares India 50 ETF by 10.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,417 shares of the company’s stock valued at $249,000 after acquiring an additional 408 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of iShares India 50 ETF by 421.5% in the third quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after buying an additional 940 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new stake in iShares India 50 ETF during the 3rd quarter valued at approximately $56,000.

iShares India 50 ETF Price Performance

Shares of NASDAQ INDY opened at $50.41 on Wednesday. iShares India 50 ETF has a 1-year low of $49.00 and a 1-year high of $57.30. The company has a market cap of $884.70 million, a PE ratio of 25.20 and a beta of 0.70. The stock has a fifty day moving average price of $51.36 and a 200 day moving average price of $53.21.

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 given a $0.0801 dividend. The ex-dividend date was Tuesday, December 17th.

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.