iShares India 50 ETF (NASDAQ:INDY) Sets New 52-Week Low at $39.42

iShares India 50 ETF (NASDAQ:INDY – Get Rating) reached a new 52-week low on Wednesday . The company traded as low as $39.42 and last traded at $39.52, with a volume of 45735 shares trading hands. The stock had previously closed at $40.58.

iShares India 50 ETF Stock Performance

The stock has a 50 day simple moving average of $41.99 and a two-hundred day simple moving average of $43.19. The firm has a market cap of $561.78 million, a PE ratio of 22.30 and a beta of 0.72.

Institutional Investors Weigh In On iShares India 50 ETF

Institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC acquired a new stake in shares of iShares India 50 ETF during the 4th quarter valued at about $26,000. Private Trust Co. NA acquired a new stake in shares of iShares India 50 ETF during the 2nd quarter valued at about $29,000. Signaturefd LLC grew its position in shares of iShares India 50 ETF by 100.0% during the 3rd quarter. Signaturefd LLC now owns 4,000 shares of the company’s stock valued at $169,000 after acquiring an additional 2,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of iShares India 50 ETF by 90.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,200 shares of the company’s stock valued at $175,000 after acquiring an additional 2,000 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in iShares India 50 ETF in the 3rd quarter worth about $203,000.

iShares India 50 ETF Company Profile

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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.