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

Shares of Invesco India ETF (NYSEARCA:PIN) rose 0.8% on Tuesday. The company traded as high as $20.72 and last traded at $20.61. Approximately 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 Price Performance

The stock has a fifty day simple moving average of $20.61 and a two-hundred day simple moving average of $20.75. The firm has a market capitalization of $156.43 million, a P/E ratio of 26.32 and a beta of 0.47.

Institutional Trading of Invesco India ETF

Several hedge funds have recently modified their holdings of the stock. Checchi Capital Advisers LLC lifted its position in shares of Invesco India ETF by 3.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 19,597 shares of the company’s stock valued at $470,000 after acquiring an additional 622 shares during the period. Fifth Third Bancorp bought a new position in Invesco India ETF during the first quarter worth $25,000. Private Advisor Group LLC grew its holdings in Invesco India ETF by 4.8% in the first quarter. Private Advisor Group LLC now owns 31,868 shares of the company’s stock worth $764,000 after purchasing an additional 1,446 shares during the period. Cetera Investment Advisers grew its holdings in Invesco India ETF by 8.4% in the first quarter. Cetera Investment Advisers now owns 73,686 shares of the company’s stock worth $1,767,000 after purchasing an additional 5,686 shares during the period. Finally, Weatherly Asset Management L. P. grew its holdings in Invesco India ETF by 17.8% in the first quarter. Weatherly Asset Management L. P. now owns 38,866 shares of the company’s stock worth $932,000 after purchasing an additional 5,865 shares during the period. Institutional investors 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.