iShares India 50 ETF (NASDAQ:INDY) Hits New 52-Week High at $54.11

iShares India 50 ETF (NASDAQ:INDY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.11 and last traded at $53.98, with a volume of 20126 shares trading hands. The stock had previously closed at $53.66.

iShares India 50 ETF Trading Up 0.3 %

The firm has a market cap of $931.55 million, a P/E ratio of 25.20 and a beta of 0.70. The company’s 50 day simple moving average is $51.49 and its 200-day simple moving average is $50.42.

iShares India 50 ETF Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.0418 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

Hedge Funds Weigh In On iShares India 50 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of INDY. Modera Wealth Management LLC bought a new position in iShares India 50 ETF during the 3rd quarter valued at about $39,997,000. Flow Traders U.S. LLC lifted its stake in shares of iShares India 50 ETF by 605.1% in the 1st quarter. Flow Traders U.S. LLC now owns 104,878 shares of the company’s stock worth $5,290,000 after purchasing an additional 90,004 shares during the period. Pasadena Private Wealth LLC bought a new position in shares of iShares India 50 ETF in the 4th quarter worth approximately $2,760,000. Silver Oak Securities Incorporated bought a new position in shares of iShares India 50 ETF in the 4th quarter worth approximately $1,331,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of iShares India 50 ETF in the 4th quarter worth approximately $1,276,000.

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.