Northwestern Mutual Wealth Management Co. Lowers Holdings in iShares India 50 ETF $INDY

Northwestern Mutual Wealth Management Co. trimmed its position in iShares India 50 ETF (NASDAQ:INDY) by 61.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,714 shares of the company’s stock after selling 4,385 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares India 50 ETF were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in INDY. Bank of America Corp DE lifted its holdings in shares of iShares India 50 ETF by 980.6% in the 4th quarter. Bank of America Corp DE now owns 266,222 shares of the company’s stock worth $13,535,000 after buying an additional 241,586 shares during the period. Summit Financial LLC purchased a new stake in shares of iShares India 50 ETF in the 1st quarter worth $6,421,000. Jane Street Group LLC purchased a new stake in shares of iShares India 50 ETF in the 4th quarter worth $3,603,000. Bearing Point Capital LLC purchased a new stake in shares of iShares India 50 ETF in the 1st quarter worth $1,317,000. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of iShares India 50 ETF by 91.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,139 shares of the company’s stock worth $871,000 after buying an additional 8,182 shares during the period.

iShares India 50 ETF Trading Down 0.3%

Shares of INDY stock opened at $51.31 on Friday. iShares India 50 ETF has a twelve month low of $46.93 and a twelve month high of $57.30. The stock has a market capitalization of $679.86 million, a price-to-earnings ratio of 23.21 and a beta of 0.70. The stock has a fifty day simple moving average of $52.51 and a two-hundred day simple moving average of $51.76.

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.