IFP Advisors Inc Trims Stock Position in iShares India 50 ETF $INDY

IFP Advisors Inc decreased its stake in iShares India 50 ETF (NASDAQ:INDY) by 68.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,858 shares of the company’s stock after selling 16,695 shares during the period. IFP Advisors Inc’s holdings in iShares India 50 ETF were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. First Horizon Corp acquired a new stake in iShares India 50 ETF during the 3rd quarter worth $44,000. Advisory Services Network LLC acquired a new position in iShares India 50 ETF in the third quarter valued at $55,000. PNC Financial Services Group Inc. boosted its stake in iShares India 50 ETF by 11.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock valued at $95,000 after acquiring an additional 198 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of iShares India 50 ETF by 70.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,193 shares of the company’s stock worth $119,000 after purchasing an additional 909 shares during the last quarter. Finally, Webster Bank N. A. grew its holdings in shares of iShares India 50 ETF by 20.5% during the third quarter. Webster Bank N. A. now owns 3,085 shares of the company’s stock worth $157,000 after purchasing an additional 525 shares during the last quarter.

iShares India 50 ETF Stock Performance

INDY opened at $42.82 on Thursday. The business’s 50-day simple moving average is $46.41 and its 200-day simple moving average is $49.88. iShares India 50 ETF has a one year low of $41.82 and a one year high of $54.87. The stock has a market capitalization of $560.94 million, a P/E ratio of 23.21 and a beta of 0.45.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.