Invesco India ETF (NYSEARCA:PIN – Get Free Report) shot up 0.8% on Tuesday . The company traded as high as $20.72 and last traded at $20.61. Approximately 23,891 shares were traded during trading, a decline of 52% from the average session volume of 50,088 shares. The stock had previously closed at $20.4393.
Invesco India ETF Stock Performance
The firm has a market capitalization of $156.43 million, a PE ratio of 26.32 and a beta of 0.47. The company has a fifty day simple moving average of $20.62 and a two-hundred day simple moving average of $21.39.
Institutional Trading of Invesco India ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in Invesco India ETF by 19.4% in the third quarter. Bank of America Corp DE now owns 703,034 shares of the company’s stock worth $17,625,000 after acquiring an additional 114,064 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Invesco India ETF in the 3rd quarter valued at about $2,268,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco India ETF by 2,376.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 85,497 shares of the company’s stock valued at $2,078,000 after purchasing an additional 82,045 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco India ETF in the 1st quarter valued at about $1,117,000. Finally, Citadel Advisors LLC lifted its position in shares of Invesco India ETF by 130.2% in the 3rd quarter. Citadel Advisors LLC now owns 48,182 shares of the company’s stock worth $1,208,000 after purchasing an additional 27,247 shares during the period. 40.83% of the stock is currently owned by institutional investors.
Invesco India ETF Company Profile
PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.
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