iShares India 50 ETF (NASDAQ:INDY) Stake Lifted by Bank of America Corp DE

Bank of America Corp DE boosted its stake in iShares India 50 ETF (NASDAQ:INDY) by 980.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,222 shares of the company’s stock after buying an additional 241,586 shares during the period. Bank of America Corp DE owned 1.52% of iShares India 50 ETF worth $13,535,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Truist Financial Corp grew its position in shares of iShares India 50 ETF by 9.4% during the fourth quarter. Truist Financial Corp now owns 24,651 shares of the company’s stock worth $1,253,000 after acquiring an additional 2,110 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares India 50 ETF during the 4th quarter valued at about $3,603,000. Raymond James Financial Inc. bought a new position in iShares India 50 ETF in the 4th quarter worth about $2,299,000. JPMorgan Chase & Co. grew its position in iShares India 50 ETF by 190.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 808 shares of the company’s stock worth $46,000 after purchasing an additional 530 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of iShares India 50 ETF by 9.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,223 shares of the company’s stock valued at $1,231,000 after purchasing an additional 2,073 shares during the period.

iShares India 50 ETF Trading Down 0.3%

INDY opened at $53.11 on Thursday. The business’s 50 day moving average is $51.43 and its 200-day moving average is $50.95. The stock has a market cap of $695.74 million, a PE ratio of 22.01 and a beta of 0.70. iShares India 50 ETF has a twelve month low of $46.93 and a twelve month high of $57.30.

iShares India 50 ETF Company 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.