Northwestern Mutual Wealth Management Co. Reduces Stock Position in iShares India 50 ETF $INDY

Northwestern Mutual Wealth Management Co. lowered its holdings in shares of iShares India 50 ETF (NASDAQ:INDY) by 61.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,714 shares of the company’s stock after selling 4,385 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares India 50 ETF were worth $138,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Summit Financial LLC purchased a new position in iShares India 50 ETF during the 1st quarter valued at $6,421,000. Flow Traders U.S. LLC boosted its holdings in iShares India 50 ETF by 29.1% during the 1st quarter. Flow Traders U.S. LLC now owns 17,261 shares of the company’s stock valued at $876,000 after acquiring an additional 3,888 shares during the period. Cypress Capital Group boosted its holdings in iShares India 50 ETF by 2.8% during the 1st quarter. Cypress Capital Group now owns 129,235 shares of the company’s stock valued at $6,561,000 after acquiring an additional 3,500 shares during the period. SouthState Corp purchased a new position in iShares India 50 ETF during the 1st quarter valued at $60,000. Finally, National Bank of Canada FI purchased a new position in iShares India 50 ETF during the 1st quarter valued at $212,000.

iShares India 50 ETF Stock Down 0.3%

INDY opened at $51.31 on Friday. The business has a fifty day moving average of $52.51 and a 200 day moving average of $51.76. iShares India 50 ETF has a 52-week low of $46.93 and a 52-week high of $57.30. The stock has a market cap of $679.86 million, a P/E ratio of 23.21 and a beta of 0.70.

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.