Gateway Advisory LLC Buys 2,529 Shares of iShares India 50 ETF (NASDAQ:INDY)

Gateway Advisory LLC lifted its stake in iShares India 50 ETF (NASDAQ:INDY) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,228 shares of the company’s stock after acquiring an additional 2,529 shares during the period. iShares India 50 ETF accounts for about 1.2% of Gateway Advisory LLC’s investment portfolio, making the stock its 22nd largest position. Gateway Advisory LLC’s holdings in iShares India 50 ETF were worth $6,988,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in iShares India 50 ETF by 14.0% during the fourth quarter. Wells Fargo & Company MN now owns 149,596 shares of the company’s stock valued at $7,368,000 after purchasing an additional 18,413 shares during the last quarter. BOCHK Asset Management Ltd bought a new position in iShares India 50 ETF in the 4th quarter worth $354,000. Banque Cantonale Vaudoise acquired a new position in iShares India 50 ETF during the 1st quarter worth $35,000. Commonwealth Equity Services LLC boosted its holdings in iShares India 50 ETF by 37.1% during the first quarter. Commonwealth Equity Services LLC now owns 18,809 shares of the company’s stock valued at $949,000 after acquiring an additional 5,086 shares during the period. Finally, Fortis Group Advisors LLC acquired a new stake in shares of iShares India 50 ETF in the first quarter valued at about $989,000.

iShares India 50 ETF Stock Up 0.7 %

INDY opened at $56.93 on Tuesday. iShares India 50 ETF has a 12-month low of $43.60 and a 12-month high of $56.95. The firm has a market capitalization of $1.00 billion, a P/E ratio of 25.20 and a beta of 0.70. The stock’s 50 day moving average price is $54.55 and its two-hundred day moving average price is $52.49.

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.