Invesco India ETF (NYSEARCA:PIN) Trading Up 0.4% – Here’s Why

Invesco India ETF (NYSEARCA:PIN)’s share price rose 0.4% on Wednesday . The stock traded as high as $20.9150 and last traded at $20.84. Approximately 25,180 shares were traded during trading, a decline of 50% from the average daily volume of 50,088 shares. The stock had previously closed at $20.75.

Invesco India ETF Price Performance

The stock has a market capitalization of $158.18 million, a P/E ratio of 26.32 and a beta of 0.47. The company’s 50 day simple moving average is $21.05 and its two-hundred day simple moving average is $22.62.

Institutional Trading of Invesco India ETF

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Invesco India ETF by 19.4% during the third quarter. Bank of America Corp DE now owns 703,034 shares of the company’s stock valued at $17,625,000 after purchasing an additional 114,064 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Invesco India ETF during the third quarter valued at approximately $2,268,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco India ETF by 2,376.7% during the fourth 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 during the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco India ETF during the first quarter valued at approximately $1,117,000. Finally, Citadel Advisors LLC grew its stake in shares of Invesco India ETF by 130.2% during the third quarter. Citadel Advisors LLC now owns 48,182 shares of the company’s stock valued at $1,208,000 after purchasing an additional 27,247 shares during the last quarter. 40.83% of the stock is 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.