India Internet ETF (NYSEARCA:INQQ – Get Free Report) shares were up 0.5% during mid-day trading on Tuesday . The company traded as high as $12.92 and last traded at $12.87. 8,050 shares traded hands during trading, a decline of 76% from the average daily volume of 34,240 shares. The stock had previously closed at $12.80.
India Internet ETF Stock Up 0.8%
The firm has a market cap of $45.30 million, a PE ratio of 57.79 and a beta of 0.66. The company’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $13.07.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in India Internet ETF by 3.1% in the 1st quarter. Royal Bank of Canada now owns 49,507 shares of the company’s stock worth $576,000 after purchasing an additional 1,474 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of India Internet ETF by 15.7% in the 4th quarter. Cetera Investment Advisers now owns 69,212 shares of the company’s stock worth $1,019,000 after acquiring an additional 9,415 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of India Internet ETF by 40.3% in the fourth quarter. Osaic Holdings Inc. now owns 11,133 shares of the company’s stock valued at $164,000 after purchasing an additional 3,197 shares during the period. Ausdal Financial Partners Inc. boosted its stake in shares of India Internet ETF by 8.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 39,486 shares of the company’s stock valued at $581,000 after buying an additional 3,205 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of India Internet ETF by 8.9% during the 4th quarter. Jane Street Group LLC now owns 132,202 shares of the company’s stock worth $1,946,000 after acquiring an additional 10,798 shares in the last quarter.
About India Internet ETF
The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.
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