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

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

Invesco India ETF Trading Up 0.7%

The firm has a 50 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 price-to-earnings ratio of 26.32 and a beta of 0.47.

Institutional Trading of Invesco India ETF

Several large investors have recently modified their holdings of the business. OLD Mission Capital LLC increased its stake in shares of Invesco India ETF by 409.0% during the 1st quarter. OLD Mission Capital LLC now owns 191,228 shares of the company’s stock worth $4,783,000 after purchasing an additional 153,662 shares in the last quarter. Bank of America Corp DE increased its position in Invesco India ETF by 19.4% during the third quarter. Bank of America Corp DE now owns 703,034 shares of the company’s stock worth $17,625,000 after buying an additional 114,064 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Invesco India ETF during the third quarter worth $2,268,000. Jane Street Group LLC acquired a new position in shares of Invesco India ETF in the first quarter worth $1,117,000. Finally, Ieq Capital LLC purchased a new stake in shares of Invesco India ETF in the first quarter valued at $751,000. 40.83% of the stock is currently owned by institutional investors and hedge funds.

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.