Raymond James Financial Inc. Purchases New Stake in iShares India 50 ETF (NASDAQ:INDY)

Raymond James Financial Inc. acquired a new position in iShares India 50 ETF (NASDAQ:INDY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,229 shares of the company’s stock, valued at approximately $2,299,000. Raymond James Financial Inc. owned approximately 0.26% of iShares India 50 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of INDY. JPMorgan Chase & Co. boosted its stake 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 worth $46,000 after acquiring an additional 530 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in iShares India 50 ETF during the fourth quarter worth $102,000. Jones Financial Companies Lllp boosted its position in iShares India 50 ETF by 77.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,557 shares of the company’s stock worth $181,000 after purchasing an additional 1,548 shares in the last quarter. KFA Private Wealth Group LLC purchased a new stake in iShares India 50 ETF during the fourth quarter worth $217,000. Finally, HighTower Advisors LLC acquired a new stake in iShares India 50 ETF in the third quarter valued at $229,000.

iShares India 50 ETF Stock Down 0.8 %

NASDAQ:INDY opened at $50.65 on Monday. iShares India 50 ETF has a 52-week low of $46.93 and a 52-week high of $57.30. The stock has a fifty day simple moving average of $49.21 and a 200-day simple moving average of $51.79. The company has a market capitalization of $888.91 million, a PE ratio of 21.11 and a beta of 0.70.

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.