iShares India 50 ETF (NASDAQ:INDY) Reaches New 1-Year High at $54.11

iShares India 50 ETF (NASDAQ:INDY) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $54.11 and last traded at $53.98, with a volume of 20126 shares trading hands. The stock had previously closed at $53.66.

iShares India 50 ETF Stock Up 0.5 %

The firm has a market capitalization of $927.94 million, a P/E ratio of 25.20 and a beta of 0.70. The business has a 50-day moving average price of $51.42 and a 200-day moving average price of $50.38.

iShares India 50 ETF Dividend Announcement

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

Institutional Trading of iShares India 50 ETF

A number of institutional investors and hedge funds have recently modified their holdings of INDY. Modera Wealth Management LLC bought a new stake in shares of iShares India 50 ETF during the third quarter valued at approximately $39,997,000. Flow Traders U.S. LLC grew its position in iShares India 50 ETF by 605.1% in the first quarter. Flow Traders U.S. LLC now owns 104,878 shares of the company’s stock valued at $5,290,000 after acquiring an additional 90,004 shares during the period. Pasadena Private Wealth LLC bought a new stake in iShares India 50 ETF in the fourth quarter valued at $2,760,000. Silver Oak Securities Incorporated bought a new stake in iShares India 50 ETF in the fourth quarter valued at $1,331,000. Finally, Atria Wealth Solutions Inc. bought a new stake in iShares India 50 ETF in the fourth quarter valued at $1,276,000.

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.