NewEdge Wealth LLC Acquires New Stake in iShares India 50 ETF (NASDAQ:INDY)

NewEdge Wealth LLC acquired a new stake in shares of iShares India 50 ETF (NASDAQ:INDY) in the fourth quarter, HoldingsChannel reports. The firm acquired 5,071 shares of the company’s stock, valued at approximately $250,000.

Other large investors also recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of iShares India 50 ETF in the 3rd quarter worth $79,000. Toronto Dominion Bank purchased a new stake in shares of iShares India 50 ETF in the 3rd quarter worth $167,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of iShares India 50 ETF in the 3rd quarter worth $207,000. Oppenheimer & Co. Inc. purchased a new stake in shares of iShares India 50 ETF in the 3rd quarter worth $209,000. Finally, MML Investors Services LLC purchased a new stake in shares of iShares India 50 ETF in the 1st quarter worth $209,000.

iShares India 50 ETF Trading Down 0.1 %

Shares of INDY stock opened at $49.44 on Friday. iShares India 50 ETF has a twelve month low of $41.42 and a twelve month high of $51.53. The stock has a market capitalization of $850.37 million, a price-to-earnings ratio of 22.30 and a beta of 0.70. The stock has a fifty day simple moving average of $50.29 and a two-hundred day simple moving average of $48.25.

iShares India 50 ETF 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.