RMB Capital Management LLC Increases Position in iShares India 50 ETF (NASDAQ:INDY)

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RMB Capital Management LLC lifted its holdings in iShares India 50 ETF (NASDAQ:INDY) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,175 shares of the company’s stock after buying an additional 410 shares during the period. RMB Capital Management LLC’s holdings in iShares India 50 ETF were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in INDY. Meridian Wealth Management LLC bought a new stake in shares of iShares India 50 ETF in the 1st quarter worth approximately $34,000. Westside Investment Management Inc. bought a new stake in shares of iShares India 50 ETF in the 2nd quarter worth approximately $51,000. Coastal Investment Advisors Inc. raised its holdings in shares of iShares India 50 ETF by 764.7% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,470 shares of the company’s stock worth $57,000 after purchasing an additional 1,300 shares during the period. US Bancorp DE raised its holdings in shares of iShares India 50 ETF by 19.1% in the 2nd quarter. US Bancorp DE now owns 2,067 shares of the company’s stock worth $80,000 after purchasing an additional 332 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of iShares India 50 ETF by 534.4% in the 2nd quarter. Advisory Services Network LLC now owns 2,157 shares of the company’s stock worth $83,000 after purchasing an additional 1,817 shares during the period.

INDY stock traded down $0.42 during midday trading on Thursday, reaching $34.04. 1,391 shares of the company’s stock traded hands, compared to its average volume of 208,004. The company has a 50-day moving average price of $34.88 and a two-hundred day moving average price of $37.02. iShares India 50 ETF has a 52 week low of $31.04 and a 52 week high of $39.53.

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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Institutional Ownership by Quarter for iShares India 50 ETF (NASDAQ:INDY)

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