Somerset Capital Management LLP trimmed its position in shares of iShares India 50 ETF (NASDAQ:INDY) by 27.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,249 shares of the company’s stock after selling 96,633 shares during the quarter. iShares India 50 ETF accounts for 2.1% of Somerset Capital Management LLP’s investment portfolio, making the stock its 9th largest holding. Somerset Capital Management LLP owned 1.18% of iShares India 50 ETF worth $9,777,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Barometer Capital Management Inc. grew its stake in shares of iShares India 50 ETF by 16.4% during the 1st quarter. Barometer Capital Management Inc. now owns 70,300 shares of the company’s stock worth $2,666,000 after acquiring an additional 9,900 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in iShares India 50 ETF during the 2nd quarter worth about $526,000. Ellis Investment Partners LLC purchased a new stake in iShares India 50 ETF during the 1st quarter worth about $379,000. Psagot Investment House Ltd. lifted its holdings in iShares India 50 ETF by 163.5% during the 2nd quarter. Psagot Investment House Ltd. now owns 404,277 shares of the company’s stock worth $15,520,000 after purchasing an additional 250,848 shares in the last quarter. Finally, Banque Pictet & Cie SA purchased a new stake in iShares India 50 ETF during the 1st quarter worth about $209,000.
Shares of NASDAQ:INDY traded up $0.41 on Friday, hitting $35.09. The company’s stock had a trading volume of 1,872 shares, compared to its average volume of 222,960. The company has a 50-day simple moving average of $36.99 and a 200 day simple moving average of $37.05. iShares India 50 ETF has a 1 year low of $31.04 and a 1 year high of $39.53.
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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