Invesco India ETF (NYSEARCA:PIN) Trading 0.8% Higher – Here’s What Happened

Invesco India ETF (NYSEARCA:PINGet Free Report)’s stock price was 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 were traded 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 Up 0.8%

The business has a fifty day moving average of $20.67 and a 200 day moving average of $21.68. The firm has a market cap of $156.43 million, a P/E ratio of 26.32 and a beta of 0.47.

Hedge Funds Weigh In On Invesco India ETF

Several institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in shares of Invesco India ETF in the 1st quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in Invesco India ETF during the third quarter valued at approximately $36,000. Advisory Services Network LLC acquired a new position in Invesco India ETF during the third quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC grew its holdings in Invesco India ETF by 491.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,923 shares of the company’s stock valued at $47,000 after purchasing an additional 1,598 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Invesco India ETF by 211.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock valued at $62,000 after purchasing an additional 1,730 shares in the last quarter. 40.83% of the stock is currently owned by institutional investors and hedge funds.

About Invesco India ETF

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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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