iShares India 50 ETF (NASDAQ:INDY) Sees Large Volume Increase – Time to Buy?

iShares India 50 ETF (NASDAQ:INDY) shares saw unusually-high trading volume on Thursday . Approximately 106,541 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 85,889 shares.The stock last traded at $48.23 and had previously closed at $48.09.

iShares India 50 ETF Price Performance

The firm’s fifty day simple moving average is $49.50 and its 200 day simple moving average is $52.37. The company has a market capitalization of $845.73 million, a price-to-earnings ratio of 21.02 and a beta of 0.70.

iShares India 50 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.0801 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares India 50 ETF

Institutional investors have recently made changes to their positions in the stock. Truist Financial Corp boosted its holdings in shares of iShares India 50 ETF by 9.4% during the fourth quarter. Truist Financial Corp now owns 24,651 shares of the company’s stock worth $1,253,000 after purchasing an additional 2,110 shares during the period. HighTower Advisors LLC acquired a new stake in shares of iShares India 50 ETF during the third quarter worth approximately $229,000. JPMorgan Chase & Co. raised its position in iShares India 50 ETF by 190.6% during the third quarter. JPMorgan Chase & Co. now owns 808 shares of the company’s stock valued at $46,000 after acquiring an additional 530 shares in the last quarter. Stifel Financial Corp raised its position in iShares India 50 ETF by 3.5% during the third quarter. Stifel Financial Corp now owns 6,544 shares of the company’s stock valued at $368,000 after acquiring an additional 223 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in iShares India 50 ETF by 421.5% during the third quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after acquiring an additional 940 shares in the last quarter.

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.