45,229 Shares in iShares India 50 ETF (NASDAQ:INDY) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in iShares India 50 ETF (NASDAQ:INDY) in the 4th quarter, HoldingsChannel reports. The fund purchased 45,229 shares of the company’s stock, valued at approximately $2,299,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its position in iShares India 50 ETF by 9.4% in the 4th quarter. Truist Financial Corp now owns 24,651 shares of the company’s stock valued at $1,253,000 after buying an additional 2,110 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares India 50 ETF by 190.6% in the third 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. HighTower Advisors LLC acquired a new position in shares of iShares India 50 ETF in the third quarter worth about $229,000. Stifel Financial Corp grew its stake in iShares India 50 ETF by 3.5% during the 3rd quarter. Stifel Financial Corp now owns 6,544 shares of the company’s stock valued at $368,000 after purchasing an additional 223 shares in the last quarter. Finally, Atom Investors LP increased its holdings in iShares India 50 ETF by 40.9% during the 3rd quarter. Atom Investors LP now owns 16,063 shares of the company’s stock worth $904,000 after purchasing an additional 4,665 shares during the last quarter.

iShares India 50 ETF Price Performance

NASDAQ INDY opened at $50.65 on Monday. The company’s fifty day moving average price is $49.21 and its two-hundred day moving average price is $51.79. The company has a market capitalization of $888.91 million, a price-to-earnings ratio of 21.11 and a beta of 0.70. iShares India 50 ETF has a 12 month low of $46.93 and a 12 month high of $57.30.

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.