iShares India 50 ETF (NASDAQ:INDY) Sets New 12-Month Low – Here’s What Happened

iShares India 50 ETF (NASDAQ:INDY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $46.01 and last traded at $46.2540, with a volume of 36296 shares trading hands. The stock had previously closed at $47.19.

iShares India 50 ETF Stock Performance

The company has a market capitalization of $595.13 million, a P/E ratio of 23.21 and a beta of 0.45. The stock has a 50 day moving average price of $48.07 and a 200 day moving average price of $50.76.

iShares India 50 ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $3.9951 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 1,664.0%.

Institutional Investors Weigh In On iShares India 50 ETF

Several large investors have recently modified their holdings of the stock. First Horizon Corp bought a new stake in shares of iShares India 50 ETF in the 3rd quarter worth approximately $44,000. TD Waterhouse Canada Inc. increased its position in iShares India 50 ETF by 108.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock worth $44,000 after buying an additional 462 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of iShares India 50 ETF in the third quarter valued at $55,000. Harbor Investment Advisory LLC bought a new stake in shares of iShares India 50 ETF in the fourth quarter valued at $54,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of iShares India 50 ETF by 11.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock valued at $95,000 after buying an additional 198 shares during the last quarter.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.