Invesco India ETF $PIN Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its position in shares of Invesco India ETF (NYSEARCA:PIN) by 87.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,361 shares of the company’s stock after selling 30,998 shares during the period. Royal Bank of Canada’s holdings in Invesco India ETF were worth $105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Invesco India ETF during the 1st quarter valued at approximately $1,117,000. Sei Investments Co. grew its position in Invesco India ETF by 7.1% in the second quarter. Sei Investments Co. now owns 72,485 shares of the company’s stock worth $1,953,000 after acquiring an additional 4,783 shares during the period. Ameriprise Financial Inc. grew its position in Invesco India ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 227,038 shares of the company’s stock worth $6,119,000 after acquiring an additional 5,335 shares during the period. MML Investors Services LLC increased its stake in Invesco India ETF by 3.3% during the second quarter. MML Investors Services LLC now owns 329,187 shares of the company’s stock worth $8,872,000 after acquiring an additional 10,594 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Invesco India ETF by 13.5% during the third quarter. Envestnet Asset Management Inc. now owns 17,508 shares of the company’s stock worth $439,000 after acquiring an additional 2,084 shares during the last quarter. 40.83% of the stock is currently owned by institutional investors and hedge funds.

Invesco India ETF Stock Up 0.8%

NYSEARCA:PIN opened at $20.61 on Tuesday. Invesco India ETF has a 52 week low of $22.99 and a 52 week high of $27.20. The company has a market capitalization of $156.43 million, a P/E ratio of 26.32 and a beta of 0.47. The stock’s fifty day moving average is $20.61 and its two-hundred day moving average is $21.19.

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.