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

Invesco India ETF (NYSEARCA:PINGet Free Report) shares shot up 0.8% during mid-day trading on Tuesday . The stock traded as high as $20.72 and last traded at $20.61. 23,891 shares changed hands during trading, a decline of 52% from the average session volume of 50,088 shares. The stock had previously closed at $20.4393.

Invesco India ETF Price Performance

The company has a market cap of $156.43 million, a PE ratio of 26.32 and a beta of 0.47. The business has a 50 day moving average of $20.67 and a 200 day moving average of $21.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PIN. Fifth Third Bancorp purchased a new stake in shares of Invesco India ETF in the 1st quarter worth about $25,000. Allworth Financial LP purchased a new position in shares of Invesco India ETF during the third quarter valued at about $36,000. Advisory Services Network LLC purchased a new position in shares of Invesco India ETF during the third quarter valued at about $38,000. Steward Partners Investment Advisory LLC increased its position in shares of Invesco India ETF by 491.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,923 shares of the company’s stock valued at $47,000 after buying an additional 1,598 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Invesco India ETF by 211.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock worth $62,000 after buying an additional 1,730 shares in the last quarter. 40.83% of the stock is currently owned by institutional investors.

Invesco India ETF Company Profile

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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.

Further Reading

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