Stifel Financial Corp Trims Stake in Invesco India ETF (NYSEARCA:PIN)

Stifel Financial Corp cut its holdings in shares of Invesco India ETF (NYSEARCA:PIN) by 90.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,709 shares of the company’s stock after selling 112,774 shares during the quarter. Stifel Financial Corp owned about 0.14% of Invesco India ETF worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco India ETF by 20.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,206 shares of the company’s stock worth $64,000 after purchasing an additional 372 shares in the last quarter. Daymark Wealth Partners LLC purchased a new stake in shares of Invesco India ETF in the 2nd quarter valued at $210,000. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco India ETF by 7.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,314 shares of the company’s stock worth $286,000 after acquiring an additional 635 shares in the last quarter. Arizona PSPRS Trust purchased a new position in Invesco India ETF during the 3rd quarter valued at about $458,000. Finally, HighTower Advisors LLC grew its position in Invesco India ETF by 19.6% in the 3rd quarter. HighTower Advisors LLC now owns 15,014 shares of the company’s stock valued at $465,000 after acquiring an additional 2,460 shares in the last quarter.

Invesco India ETF Price Performance

PIN opened at $26.02 on Friday. The business has a fifty day moving average price of $28.48 and a 200 day moving average price of $29.31. The stock has a market capitalization of $224.81 million, a price-to-earnings ratio of 26.92 and a beta of 0.55. Invesco India ETF has a 12 month low of $25.36 and a 12 month high of $31.17.

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.