iShares India 50 ETF (NASDAQ:INDY) Reaches New 1-Year High at $55.44

iShares India 50 ETF (NASDAQ:INDY) shares reached a new 52-week high during trading on Friday . The stock traded as high as $55.44 and last traded at $55.41, with a volume of 7009 shares changing hands. The stock had previously closed at $55.16.

iShares India 50 ETF Price Performance

The stock has a 50-day moving average price of $54.15 and a two-hundred day moving average price of $51.92. The stock has a market cap of $971.70 million, a PE ratio of 25.20 and a beta of 0.70.

iShares India 50 ETF Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.0418 per share. The ex-dividend date was Tuesday, June 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of iShares India 50 ETF by 14.0% in the 4th quarter. Wells Fargo & Company MN now owns 149,596 shares of the company’s stock valued at $7,368,000 after purchasing an additional 18,413 shares during the last quarter. Gateway Advisory LLC increased its position in iShares India 50 ETF by 2.0% during the second quarter. Gateway Advisory LLC now owns 130,228 shares of the company’s stock valued at $6,988,000 after acquiring an additional 2,529 shares during the last quarter. Flow Traders U.S. LLC increased its position in iShares India 50 ETF by 605.1% during the first quarter. Flow Traders U.S. LLC now owns 104,878 shares of the company’s stock valued at $5,290,000 after acquiring an additional 90,004 shares during the last quarter. Pasadena Private Wealth LLC raised its stake in shares of iShares India 50 ETF by 1.3% in the second quarter. Pasadena Private Wealth LLC now owns 56,272 shares of the company’s stock valued at $3,020,000 after acquiring an additional 731 shares during the period. Finally, Fortis Group Advisors LLC bought a new stake in shares of iShares India 50 ETF in the 1st quarter worth about $989,000.

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.