Invesco India ETF (NYSEARCA:PIN – Get Free Report) shares rose 0.8% during trading on Tuesday. The stock traded as high as $20.72 and last traded at $20.61. Approximately 23,891 shares traded hands during mid-day trading, a decline of 52% from the average daily 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 business’s 50 day moving average is $20.61 and its two-hundred day moving average is $20.75.
Institutional Investors Weigh In On Invesco India ETF
Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its position in shares of Invesco India ETF by 8.4% in the first quarter. Cetera Investment Advisers now owns 73,686 shares of the company’s stock valued at $1,767,000 after purchasing an additional 5,686 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Invesco India ETF by 3.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 19,597 shares of the company’s stock valued at $470,000 after purchasing an additional 622 shares during the period. Fifth Third Bancorp bought a new stake in shares of Invesco India ETF during the 1st quarter valued at $25,000. Kestra Advisory Services LLC raised its stake in shares of Invesco India ETF by 230.9% during the 1st quarter. Kestra Advisory Services LLC now owns 23,028 shares of the company’s stock valued at $552,000 after purchasing an additional 16,069 shares during the period. Finally, Clare Market Investments LLC purchased a new stake in Invesco India ETF during the 1st quarter worth about $625,000. Hedge funds and other institutional investors own 40.83% of the company’s stock.
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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