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

Invesco India ETF (NYSEARCA:PIN) was up 0.8% during trading on Tuesday. The company traded as high as $20.72 and last traded at $20.61. 23,891 shares were traded 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 firm has a market cap of $156.43 million, a PE ratio of 26.32 and a beta of 0.47. The firm’s fifty day simple moving average is $20.61 and its two-hundred day simple moving average is $21.27.

Institutional Trading of Invesco India ETF

Several institutional investors and hedge funds have recently modified their holdings of PIN. Fifth Third Bancorp bought a new position in Invesco India ETF in the 1st quarter worth $25,000. Checchi Capital Advisers LLC raised its holdings in Invesco India ETF by 3.3% during the first 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. Kestra Advisory Services LLC raised its holdings in Invesco India ETF by 230.9% during the first quarter. Kestra Advisory Services LLC now owns 23,028 shares of the company’s stock valued at $552,000 after acquiring an additional 16,069 shares during the period. Clare Market Investments LLC bought a new stake in Invesco India ETF during the first quarter valued at about $625,000. Finally, Private Advisor Group LLC lifted its position in shares of Invesco India ETF by 4.8% in the first quarter. Private Advisor Group LLC now owns 31,868 shares of the company’s stock valued at $764,000 after acquiring an additional 1,446 shares in the last quarter. 40.83% of the stock is currently owned by institutional investors.

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.