Commonwealth Equity Services LLC reduced its holdings in iShares India 50 ETF (NASDAQ:INDY) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,128 shares of the company’s stock after selling 3,030 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.08% of iShares India 50 ETF worth $405,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. raised its position in iShares India 50 ETF by 297.3% in the 1st quarter. Citigroup Inc. now owns 1,788 shares of the company’s stock valued at $46,000 after purchasing an additional 1,338 shares during the last quarter. Jane Street Group LLC increased its stake in shares of iShares India 50 ETF by 1,140.8% in the first quarter. Jane Street Group LLC now owns 823,331 shares of the company’s stock valued at $21,118,000 after buying an additional 756,978 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in shares of iShares India 50 ETF in the first quarter valued at about $60,000. Coastal Investment Advisors Inc. acquired a new position in iShares India 50 ETF during the 2nd quarter worth about $247,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in iShares India 50 ETF by 348.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 52,356 shares of the company’s stock worth $1,618,000 after acquiring an additional 40,672 shares during the last quarter.
INDY opened at $35.40 on Wednesday. iShares India 50 ETF has a 1-year low of $21.97 and a 1-year high of $39.49. The firm has a 50-day moving average price of $34.52 and a two-hundred day moving average price of $30.58.
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.
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