LPL Financial LLC Acquires 85,760 Shares of iShares India 50 ETF (NASDAQ:INDY)

LPL Financial LLC increased its holdings in shares of iShares India 50 ETF (NASDAQ:INDY) by 93.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,746 shares of the company’s stock after acquiring an additional 85,760 shares during the quarter. LPL Financial LLC owned about 1.01% of iShares India 50 ETF worth $9,037,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of iShares India 50 ETF by 190.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 808 shares of the company’s stock valued at $46,000 after acquiring an additional 530 shares during the period. BOCHK Asset Management Ltd bought a new stake in iShares India 50 ETF during the fourth quarter worth about $102,000. Optimum Investment Advisors grew its stake in iShares India 50 ETF by 253.5% during the fourth quarter. Optimum Investment Advisors now owns 3,535 shares of the company’s stock worth $180,000 after buying an additional 2,535 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in iShares India 50 ETF by 77.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,557 shares of the company’s stock valued at $181,000 after buying an additional 1,548 shares during the period. Finally, KFA Private Wealth Group LLC acquired a new position in shares of iShares India 50 ETF in the 4th quarter valued at approximately $217,000.

iShares India 50 ETF Trading Down 3.4 %

NASDAQ INDY opened at $48.57 on Friday. The firm’s 50 day simple moving average is $49.26 and its 200 day simple moving average is $51.65. The firm has a market capitalization of $616.84 million, a price-to-earnings ratio of 21.00 and a beta of 0.55. iShares India 50 ETF has a 1 year low of $46.93 and a 1 year high of $57.30.

iShares India 50 ETF 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.