India Internet ETF (NYSEARCA:INQQ) Stock Price Down 3% – Time to Sell?

India Internet ETF (NYSEARCA:INQQ)’s share price traded down 3% during trading on Tuesday . The company traded as low as $11.70 and last traded at $11.70. 68,413 shares were traded during mid-day trading, an increase of 98% from the average session volume of 34,631 shares. The stock had previously closed at $12.06.

India Internet ETF Price Performance

The company has a market capitalization of $44.11 million, a PE ratio of 57.79 and a beta of 0.60. The company has a 50-day moving average of $13.18 and a two-hundred day moving average of $14.76.

India Internet ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.3283 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 223.0%.

Institutional Investors Weigh In On India Internet ETF

A number of institutional investors have recently bought and sold shares of INQQ. Sheets Smith Wealth Management raised its holdings in India Internet ETF by 3.2% during the third quarter. Sheets Smith Wealth Management now owns 28,814 shares of the company’s stock valued at $449,000 after acquiring an additional 904 shares during the period. Ausdal Financial Partners Inc. boosted its stake in shares of India Internet ETF by 2.8% in the third quarter. Ausdal Financial Partners Inc. now owns 36,281 shares of the company’s stock worth $566,000 after acquiring an additional 992 shares during the period. Osaic Holdings Inc. grew its position in shares of India Internet ETF by 21.5% during the second quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock worth $106,000 after purchasing an additional 1,130 shares in the last quarter. Prosperity Financial Group Inc. grew its position in shares of India Internet ETF by 3.2% during the third quarter. Prosperity Financial Group Inc. now owns 39,388 shares of the company’s stock worth $614,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Smith Moore & CO. raised its stake in India Internet ETF by 6.8% during the 2nd quarter. Smith Moore & CO. now owns 22,295 shares of the company’s stock valued at $370,000 after purchasing an additional 1,410 shares during the period.

About India Internet ETF

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.