iShares India 50 ETF (NASDAQ:INDY) Sees Unusually-High Trading Volume

iShares India 50 ETF (NASDAQ:INDY) shares saw unusually-strong trading volume on Wednesday . Approximately 30,669 shares were traded during mid-day trading, a decline of 64% from the previous session’s volume of 85,770 shares.The stock last traded at $50.97 and had previously closed at $49.89.

iShares India 50 ETF Trading Up 2.1 %

The company has a market cap of $876.17 million, a price-to-earnings ratio of 25.20 and a beta of 0.70. The business has a fifty day moving average of $50.58 and a two-hundred day moving average of $49.63.

Institutional Investors Weigh In On iShares India 50 ETF

Several large investors have recently bought and sold shares of INDY. Banque Cantonale Vaudoise purchased a new stake in iShares India 50 ETF during the 1st quarter worth approximately $35,000. Spire Wealth Management increased its stake in iShares India 50 ETF by 88.2% during the 4th quarter. Spire Wealth Management now owns 1,600 shares of the company’s stock worth $79,000 after buying an additional 750 shares in the last quarter. Simplex Trading LLC increased its stake in iShares India 50 ETF by 683.2% during the 4th quarter. Simplex Trading LLC now owns 2,240 shares of the company’s stock worth $110,000 after buying an additional 1,954 shares in the last quarter. Toronto Dominion Bank purchased a new stake in iShares India 50 ETF during the 3rd quarter worth approximately $167,000. Finally, SVB Wealth LLC purchased a new stake in iShares India 50 ETF during the 1st quarter worth approximately $204,000.

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.