iShares India 50 ETF (NASDAQ:INDY) Hits New 12-Month High at $56.82

Shares of iShares India 50 ETF (NASDAQ:INDY) hit a new 52-week high during trading on Monday . The stock traded as high as $56.82 and last traded at $56.82, with a volume of 5600 shares traded. The stock had previously closed at $56.53.

iShares India 50 ETF Stock Up 0.7 %

The company has a market cap of $1.00 billion, a PE ratio of 25.20 and a beta of 0.70. The stock’s 50 day simple moving average is $54.50 and its two-hundred day simple moving average is $52.45.

Institutional Investors Weigh In On iShares India 50 ETF

A number of institutional investors have recently added to or reduced their stakes in INDY. Park Place Capital Corp acquired a new stake in shares of iShares India 50 ETF in the second quarter worth $34,000. Banque Cantonale Vaudoise acquired a new stake in iShares India 50 ETF in the 1st quarter valued at $35,000. SVB Wealth LLC purchased a new position in iShares India 50 ETF in the first quarter valued at about $204,000. Waypoint Capital Advisors LLC acquired a new position in shares of iShares India 50 ETF during the second quarter worth about $227,000. Finally, Owen LaRue LLC purchased a new stake in shares of iShares India 50 ETF in the first quarter worth about $303,000.

About iShares India 50 ETF

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.