Migdal Insurance & Financial Holdings Ltd. Sells 2,900 Shares of iShares India 50 ETF (NASDAQ:INDY)

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of iShares India 50 ETF (NASDAQ:INDY) by 17.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,400 shares of the company’s stock after selling 2,900 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares India 50 ETF were worth $664,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in INDY. Comerica Bank bought a new stake in shares of iShares India 50 ETF during the 3rd quarter worth about $79,000. Toronto Dominion Bank bought a new stake in iShares India 50 ETF during the 3rd quarter valued at approximately $167,000. Cambridge Investment Research Advisors Inc. bought a new stake in iShares India 50 ETF during the 3rd quarter valued at approximately $207,000. Oppenheimer & Co. Inc. bought a new stake in iShares India 50 ETF during the 3rd quarter valued at approximately $209,000. Finally, MML Investors Services LLC bought a new stake in iShares India 50 ETF during the 1st quarter valued at approximately $209,000.

iShares India 50 ETF Stock Down 0.3 %

Shares of NASDAQ:INDY opened at $49.50 on Thursday. The business has a 50 day moving average price of $50.29 and a 200 day moving average price of $48.24. iShares India 50 ETF has a twelve month low of $41.42 and a twelve month high of $51.53. The company has a market cap of $851.40 million, a price-to-earnings ratio of 22.30 and a beta of 0.70.

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.