Invesco India ETF (NYSEARCA:PIN – Get Free Report) shares were up 0.8% during mid-day trading on Tuesday. The stock traded as high as $20.72 and last traded at $20.61. 23,891 shares traded hands 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 stock has a fifty day moving average of $20.61 and a 200 day moving average of $21.27. The company has a market capitalization of $156.43 million, a PE ratio of 26.32 and a beta of 0.47.
Institutional Investors Weigh In On Invesco India ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Checchi Capital Advisers LLC boosted its position in shares of Invesco India ETF by 3.3% during the first quarter. Checchi Capital Advisers LLC now owns 19,597 shares of the company’s stock worth $470,000 after acquiring an additional 622 shares during the last quarter. Fifth Third Bancorp purchased a new position in Invesco India ETF during the first quarter valued at $25,000. Private Advisor Group LLC increased its holdings in Invesco India ETF by 4.8% in the 1st quarter. Private Advisor Group LLC now owns 31,868 shares of the company’s stock valued at $764,000 after acquiring an additional 1,446 shares during the last quarter. Cetera Investment Advisers increased its holdings in Invesco India ETF by 8.4% in the 1st quarter. Cetera Investment Advisers now owns 73,686 shares of the company’s stock valued at $1,767,000 after acquiring an additional 5,686 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in Invesco India ETF by 230.9% in the 1st quarter. Kestra Advisory Services LLC now owns 23,028 shares of the company’s stock worth $552,000 after purchasing an additional 16,069 shares in the last quarter. Institutional investors own 40.83% of the company’s stock.
About Invesco India ETF
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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