Invesco India ETF (NYSEARCA:PIN) Shares Down 0.2% – Here’s What Happened

Invesco India ETF (NYSEARCA:PIN) shares fell 0.2% on Friday . The company traded as low as $21.61 and last traded at $21.6358. 24,458 shares traded 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 Price Performance

The business’s 50 day moving average is $21.49 and its two-hundred day moving average is $23.75. The firm has a market capitalization of $164.22 million, a PE ratio of 26.32 and a beta of 0.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sharper & Granite LLC grew its position in Invesco India ETF by 4.8% during the fourth quarter. Sharper & Granite LLC now owns 12,615 shares of the company’s stock valued at $307,000 after acquiring an additional 575 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Invesco India ETF by 3.3% during the first quarter. Checchi Capital Advisers LLC now owns 19,597 shares of the company’s stock valued at $470,000 after acquiring an additional 622 shares during the last quarter. &PARTNERS grew its position in Invesco India ETF by 1.4% during the fourth quarter. &PARTNERS now owns 59,057 shares of the company’s stock valued at $1,436,000 after acquiring an additional 841 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco India ETF by 38.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,452 shares of the company’s stock valued at $87,000 after acquiring an additional 963 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in Invesco India ETF during the first quarter valued at approximately $25,000. 40.83% of the stock is currently owned by institutional investors.

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. The Index is designed to represent the segment of the Indian equity markets.