McAdam LLC Grows Stake in Invesco India ETF (NYSEARCA:PIN)

McAdam LLC grew its position in shares of Invesco India ETF (NYSEARCA:PIN) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 155,316 shares of the company’s stock after acquiring an additional 8,359 shares during the quarter. McAdam LLC owned about 2.78% of Invesco India ETF worth $3,976,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. bought a new stake in shares of Invesco India ETF during the fourth quarter worth $214,000. Commonwealth Equity Services LLC raised its position in Invesco India ETF by 10.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,059 shares of the company’s stock valued at $330,000 after purchasing an additional 1,361 shares in the last quarter. Evolution Wealth Advisors LLC raised its holdings in shares of Invesco India ETF by 5.4% in the fourth quarter. Evolution Wealth Advisors LLC now owns 13,372 shares of the company’s stock valued at $342,000 after acquiring an additional 685 shares in the last quarter. Arvest Investments Inc. bought a new stake in shares of Invesco India ETF in the 4th quarter valued at about $495,000. Finally, Tyche Wealth Partners LLC purchased a new position in Invesco India ETF during the fourth quarter valued at approximately $812,000.

Invesco India ETF Trading Up 0.3 %

Shares of NYSEARCA:PIN traded up $0.08 during trading on Monday, reaching $27.20. The stock had a trading volume of 10,367 shares, compared to its average volume of 68,108. The company has a market capitalization of $232.83 million, a P/E ratio of 26.79 and a beta of 0.56. The firm’s 50-day simple moving average is $26.76 and its 200 day simple moving average is $25.52. Invesco India ETF has a one year low of $21.17 and a one year high of $27.36.

About Invesco India ETF

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.