Invesco India ETF (NYSEARCA:PIN) Stock Price Down 0.2% – Here’s Why

Invesco India ETF (NYSEARCA:PINGet Free Report) shares fell 0.2% on Friday . The stock traded as low as $21.61 and last traded at $21.6358. 24,458 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 50,088 shares. The stock had previously closed at $21.6796.

Invesco India ETF Trading Down 0.2%

The company’s fifty day moving average price is $21.49 and its two-hundred day moving average price is $23.75. The firm has a market cap of $164.22 million, a P/E ratio of 26.32 and a beta of 0.47.

Institutional Investors Weigh In On Invesco India ETF

A number of hedge funds have recently added to or reduced their stakes in PIN. Fifth Third Bancorp bought a new stake in Invesco India ETF during the 1st quarter worth about $25,000. Allworth Financial LP bought a new stake in Invesco India ETF during the 3rd quarter worth about $36,000. Advisory Services Network LLC bought a new stake in Invesco India ETF during the 3rd quarter worth about $38,000. Steward Partners Investment Advisory LLC grew its holdings in Invesco India ETF by 491.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,923 shares of the company’s stock worth $47,000 after acquiring an additional 1,598 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Invesco India ETF by 211.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock worth $62,000 after acquiring an additional 1,730 shares during the last quarter. Institutional investors own 40.83% of the company’s stock.

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.

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