Royal Bank of Canada Decreases Stock Position in Invesco India ETF $PIN

Royal Bank of Canada trimmed its holdings in Invesco India ETF (NYSEARCA:PIN) by 87.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,361 shares of the company’s stock after selling 30,998 shares during the period. Royal Bank of Canada owned 0.06% of Invesco India ETF worth $105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE grew its stake in Invesco India ETF by 19.4% during the 3rd quarter. Bank of America Corp DE now owns 703,034 shares of the company’s stock valued at $17,625,000 after acquiring an additional 114,064 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Invesco India ETF by 3.3% during the 2nd quarter. MML Investors Services LLC now owns 329,187 shares of the company’s stock worth $8,872,000 after purchasing an additional 10,594 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco India ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 227,038 shares of the company’s stock valued at $6,119,000 after purchasing an additional 5,335 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Invesco India ETF in the third quarter valued at approximately $2,268,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco India ETF by 2,376.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 85,497 shares of the company’s stock valued at $2,078,000 after purchasing an additional 82,045 shares during the last quarter. 40.83% of the stock is owned by hedge funds and other institutional investors.

Invesco India ETF Stock Performance

NYSEARCA:PIN opened at $20.61 on Tuesday. Invesco India ETF has a one year low of $22.99 and a one year high of $27.20. The stock has a market cap of $156.43 million, a PE ratio of 26.32 and a beta of 0.47. The stock has a 50 day moving average price of $20.61 and a 200 day moving average price of $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.