iShares India 50 ETF (NASDAQ:INDY) Reaches New 12-Month Low – Here’s Why

iShares India 50 ETF (NASDAQ:INDY) reached a new 52-week low during trading on Monday . The company traded as low as $40.95 and last traded at $40.97, with a volume of 18309 shares traded. The stock had previously closed at $41.24.

iShares India 50 ETF Trading Down 0.5%

The stock has a market cap of $537.76 million, a PE ratio of 23.21 and a beta of 0.45. The company’s 50 day moving average is $46.15 and its 200-day moving average is $49.72.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INDY. First Horizon Corp acquired a new stake in shares of iShares India 50 ETF during the 3rd quarter valued at approximately $44,000. TD Waterhouse Canada Inc. increased its stake in iShares India 50 ETF by 108.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock valued at $44,000 after purchasing an additional 462 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in iShares India 50 ETF during the fourth quarter valued at $54,000. Advisory Services Network LLC bought a new stake in shares of iShares India 50 ETF during the 3rd quarter valued at about $55,000. Finally, Blue Trust Inc. raised its stake in iShares India 50 ETF by 1,863.5% during the fourth quarter. Blue Trust Inc. now owns 1,885 shares of the company’s stock worth $93,000 after acquiring an additional 1,789 shares during the period.

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.