Invesco India ETF (NYSEARCA:PIN) Shares Up 0.8% – Here’s Why

Invesco India ETF (NYSEARCA:PIN) traded up 0.8% during mid-day trading on Tuesday . The stock 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 Up 0.8%

The stock has a market cap of $156.43 million, a price-to-earnings ratio of 26.32 and a beta of 0.47. The business’s 50 day simple moving average is $20.61 and its 200 day simple moving average is $20.85.

Institutional Investors Weigh In On Invesco India ETF

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Invesco India ETF by 2,376.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 85,497 shares of the company’s stock valued at $2,078,000 after buying an additional 82,045 shares during the period. Clare Market Investments LLC bought a new position in shares of Invesco India ETF during the 1st quarter worth approximately $625,000. Weatherly Asset Management L. P. boosted its stake in shares of Invesco India ETF by 17.8% during the 1st quarter. Weatherly Asset Management L. P. now owns 38,866 shares of the company’s stock worth $932,000 after acquiring an additional 5,865 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Invesco India ETF by 147.7% during the 4th quarter. Global Retirement Partners LLC now owns 13,003 shares of the company’s stock worth $316,000 after acquiring an additional 7,753 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco India ETF by 8.4% during the 1st quarter. Cetera Investment Advisers now owns 73,686 shares of the company’s stock worth $1,767,000 after acquiring an additional 5,686 shares during the last quarter. 40.83% of the stock is currently owned by institutional investors and hedge funds.

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.