iShares India 50 ETF (NASDAQ:INDY) Sees Unusually-High Trading Volume – Should You Buy?

iShares India 50 ETF (NASDAQ:INDY) saw an uptick in trading volume on Monday . 111,029 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 80,389 shares.The stock last traded at $53.36 and had previously closed at $53.46.

iShares India 50 ETF Stock Performance

The company has a 50 day moving average of $53.30 and a 200 day moving average of $53.87. The stock has a market capitalization of $953.53 million, a price-to-earnings ratio of 25.20 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Waypoint Capital Advisors LLC purchased a new stake in shares of iShares India 50 ETF during the 2nd quarter worth $227,000. Commonwealth Equity Services LLC lifted its holdings in iShares India 50 ETF by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,147 shares of the company’s stock worth $1,027,000 after buying an additional 338 shares during the last quarter. Marshall Wace LLP purchased a new stake in iShares India 50 ETF during the 2nd quarter worth about $317,000. Gateway Advisory LLC boosted its position in shares of iShares India 50 ETF by 2.0% during the 2nd quarter. Gateway Advisory LLC now owns 130,228 shares of the company’s stock worth $6,988,000 after acquiring an additional 2,529 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of iShares India 50 ETF by 8.5% in the 3rd quarter. Creative Planning now owns 24,732 shares of the company’s stock valued at $1,392,000 after acquiring an additional 1,929 shares during the last quarter.

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.