Invesco India ETF (NYSEARCA:PIN) Trading Up 0.3%

Invesco India ETF (NYSEARCA:PIN) shares were up 0.3% on Monday . The company traded as high as $30.51 and last traded at $30.41. Approximately 20,439 shares changed hands during trading, a decline of 65% from the average daily volume of 58,634 shares. The stock had previously closed at $30.31.

Invesco India ETF Price Performance

The stock’s 50 day simple moving average is $29.74 and its two-hundred day simple moving average is $28.31. The stock has a market cap of $262.78 million, a price-to-earnings ratio of 26.92 and a beta of 0.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its holdings in shares of Invesco India ETF by 28.3% during the first quarter. Sei Investments Co. now owns 69,485 shares of the company’s stock valued at $1,857,000 after acquiring an additional 15,325 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Invesco India ETF by 45.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 111,652 shares of the company’s stock valued at $2,869,000 after buying an additional 34,832 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Invesco India ETF in the first quarter valued at about $665,000. Centaurus Financial Inc. bought a new position in shares of Invesco India ETF in the fourth quarter valued at about $124,000. Finally, Tradition Wealth Management LLC raised its holdings in shares of Invesco India ETF by 247.3% in the fourth quarter. Tradition Wealth Management LLC now owns 3,820 shares of the company’s stock valued at $98,000 after buying an additional 2,720 shares during the last quarter.

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.