iShares India 50 ETF (NASDAQ:INDY) Reaches New 52-Week High at $55.55

iShares India 50 ETF (NASDAQ:INDY)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.55 and last traded at $55.55, with a volume of 273 shares changing hands. The stock had previously closed at $55.40.

iShares India 50 ETF Stock Performance

The business’s fifty day moving average is $54.37 and its 200-day moving average is $52.27. The firm has a market cap of $977.68 million, a P/E ratio of 25.20 and a beta of 0.70.

Institutional Investors Weigh In On iShares India 50 ETF

Several large investors have recently added to or reduced their stakes in the business. Park Place Capital Corp bought a new position in shares of iShares India 50 ETF during the 2nd quarter worth approximately $34,000. Banque Cantonale Vaudoise purchased a new position in shares of iShares India 50 ETF during the first quarter valued at approximately $35,000. SVB Wealth LLC bought a new stake in iShares India 50 ETF during the first quarter worth $204,000. Waypoint Capital Advisors LLC purchased a new stake in iShares India 50 ETF in the 2nd quarter valued at $227,000. Finally, Owen LaRue LLC bought a new position in iShares India 50 ETF during the 1st quarter valued at $303,000.

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.