Invesco India ETF (NYSEARCA:PIN) Shares Up 0.7% – Time to Buy?

Invesco India ETF (NYSEARCA:PIN) rose 0.7% on Thursday . The stock traded as high as $25.79 and last traded at $25.69. Approximately 48,200 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 44,185 shares. The stock had previously closed at $25.51.

Invesco India ETF Stock Performance

The stock has a fifty day moving average price of $26.08 and a 200-day moving average price of $26.03. The firm has a market cap of $209.89 million, a PE ratio of 26.32 and a beta of 0.47.

Hedge Funds Weigh In On Invesco India ETF

A number of hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Invesco India ETF in the second quarter worth about $244,000. HighTower Advisors LLC lifted its position in Invesco India ETF by 7.4% during the 1st quarter. HighTower Advisors LLC now owns 19,061 shares of the company’s stock worth $477,000 after acquiring an additional 1,314 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco India ETF by 24.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,424 shares of the company’s stock worth $416,000 after acquiring an additional 2,985 shares in the last quarter. Washington Growth Strategies LLC boosted its holdings in Invesco India ETF by 44,552.0% in the 2nd quarter. Washington Growth Strategies LLC now owns 11,163 shares of the company’s stock worth $301,000 after acquiring an additional 11,138 shares during the period. Finally, OLD Mission Capital LLC grew its position in Invesco India ETF by 409.0% in the first quarter. OLD Mission Capital LLC now owns 191,228 shares of the company’s stock valued at $4,783,000 after acquiring an additional 153,662 shares in the last quarter. Hedge funds and other 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.