Park Place Capital Corp Invests $34,000 in iShares India 50 ETF (NASDAQ:INDY)

Park Place Capital Corp bought a new stake in iShares India 50 ETF (NASDAQ:INDY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 640 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds have also made changes to their positions in the company. Flow Traders U.S. LLC raised its holdings in iShares India 50 ETF by 605.1% in the first quarter. Flow Traders U.S. LLC now owns 104,878 shares of the company’s stock valued at $5,290,000 after acquiring an additional 90,004 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in iShares India 50 ETF in the fourth quarter valued at approximately $1,331,000. Atria Wealth Solutions Inc. purchased a new position in iShares India 50 ETF in the fourth quarter valued at approximately $1,276,000. Fortis Group Advisors LLC purchased a new position in iShares India 50 ETF in the first quarter valued at approximately $989,000. Finally, Wells Fargo & Company MN increased its stake in iShares India 50 ETF by 14.0% in the fourth quarter. Wells Fargo & Company MN now owns 149,596 shares of the company’s stock valued at $7,368,000 after purchasing an additional 18,413 shares during the last quarter.

iShares India 50 ETF Price Performance

Shares of INDY traded down $0.73 during mid-day trading on Friday, reaching $53.93. 89,770 shares of the company’s stock were exchanged, compared to its average volume of 85,551. The stock has a market capitalization of $949.17 million, a PE ratio of 25.20 and a beta of 0.70. The business’s fifty day simple moving average is $53.33 and its 200-day simple moving average is $51.31. iShares India 50 ETF has a 52-week low of $43.60 and a 52-week high of $55.40.

iShares India 50 ETF Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a dividend of $0.0418 per share. The ex-dividend date was Tuesday, June 11th.

iShares India 50 ETF 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.