India Internet ETF (NYSEARCA:INQQ) Trading Up 1.3% – Should You Buy?

India Internet ETF (NYSEARCA:INQQ)’s stock price traded up 1.3% during trading on Wednesday . The company traded as high as $12.78 and last traded at $12.78. 25,557 shares changed hands during trading, a decline of 23% from the average session volume of 33,037 shares. The stock had previously closed at $12.62.

India Internet ETF Stock Up 1.3%

The stock has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $14.30. The firm has a market capitalization of $49.20 million, a P/E ratio of 57.79 and a beta of 0.66.

Institutional Investors Weigh In On India Internet ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Evergreen Capital Management LLC increased its holdings in shares of India Internet ETF by 114.0% in the third quarter. Evergreen Capital Management LLC now owns 242,125 shares of the company’s stock worth $3,777,000 after purchasing an additional 128,983 shares during the last quarter. Ethos Financial Group LLC increased its holdings in shares of India Internet ETF by 5.4% in the third quarter. Ethos Financial Group LLC now owns 36,436 shares of the company’s stock worth $568,000 after purchasing an additional 1,879 shares during the last quarter. Sheets Smith Wealth Management increased its holdings in shares of India Internet ETF by 3.2% in the third quarter. Sheets Smith Wealth Management now owns 28,814 shares of the company’s stock worth $449,000 after purchasing an additional 904 shares during the last quarter. Quantify Chaos Advisors LLC bought a new stake in shares of India Internet ETF in the fourth quarter worth about $237,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of India Internet ETF in the fourth quarter worth about $302,000.

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.