iShares India 50 ETF (INDY) To Go Ex-Dividend on December 16th

iShares India 50 ETF (NASDAQ:INDY) announced a dividend on Monday, December 15th. Stockholders of record on Tuesday, December 16th will be given a dividend of 3.9951 per share on Friday, December 19th. This represents a dividend yield of 1,664.0%. The ex-dividend date of this dividend is Tuesday, December 16th.

iShares India 50 ETF Stock Down 8.1%

INDY opened at $48.03 on Wednesday. The company has a market cap of $621.99 million, a PE ratio of 23.21 and a beta of 0.45. iShares India 50 ETF has a twelve month low of $46.93 and a twelve month high of $54.87. The company has a 50-day moving average price of $52.92 and a 200 day moving average price of $52.66.

Institutional Investors Weigh In On iShares India 50 ETF

A number of large investors have recently made changes to their positions in INDY. Jones Financial Companies Lllp grew its stake in shares of iShares India 50 ETF by 4,657.3% in the 1st quarter. Jones Financial Companies Lllp now owns 169,218 shares of the company’s stock valued at $8,591,000 after buying an additional 165,661 shares during the period. Summit Financial LLC purchased a new stake in shares of iShares India 50 ETF during the 1st quarter valued at approximately $6,421,000. OLD Mission Capital LLC acquired a new position in iShares India 50 ETF in the first quarter valued at approximately $3,352,000. Royal Bank of Canada grew its position in iShares India 50 ETF by 192.1% in the first quarter. Royal Bank of Canada now owns 87,811 shares of the company’s stock worth $4,458,000 after acquiring an additional 57,749 shares during the period. Finally, Owen LaRue LLC acquired a new stake in iShares India 50 ETF during the second quarter worth $2,351,000.

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.