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

Shares of Invesco India ETF (NYSEARCA:PIN) traded up 0.8% during trading on Tuesday . The company traded as high as $20.72 and last traded at $20.61. 23,891 shares changed hands during 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 stock has a market capitalization of $156.43 million, a price-to-earnings ratio of 26.32 and a beta of 0.47. The company’s fifty day simple moving average is $20.61 and its 200 day simple moving average is $20.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PIN. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco India ETF by 2,376.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 85,497 shares of the company’s stock valued at $2,078,000 after acquiring an additional 82,045 shares during the period. Cetera Investment Advisers lifted its position in Invesco India ETF by 8.4% during the first 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. Weatherly Asset Management L. P. boosted its holdings in shares of Invesco India ETF by 17.8% during the first 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. Private Advisor Group LLC boosted its holdings in shares of Invesco India ETF by 4.8% during the first quarter. Private Advisor Group LLC now owns 31,868 shares of the company’s stock worth $764,000 after acquiring an additional 1,446 shares during the period. Finally, Clare Market Investments LLC bought a new stake in shares of Invesco India ETF during the first quarter worth approximately $625,000. Institutional investors and hedge funds 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.