Invesco India ETF (NYSEARCA:PIN) Holdings Lowered by Worth Asset Management LLC

Worth Asset Management LLC trimmed its stake in shares of Invesco India ETF (NYSEARCA:PIN) by 75.3% in the 1st quarter, HoldingsChannel reports. The firm owned 12,734 shares of the company’s stock after selling 38,788 shares during the quarter. Worth Asset Management LLC’s holdings in Invesco India ETF were worth $340,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Stifel Financial Corp purchased a new stake in Invesco India ETF in the 3rd quarter worth about $5,969,000. Orion Portfolio Solutions LLC lifted its stake in Invesco India ETF by 45.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 111,652 shares of the company’s stock worth $2,869,000 after acquiring an additional 34,832 shares in the last quarter. Raymond James & Associates purchased a new stake in Invesco India ETF in the 4th quarter worth about $849,000. Tyche Wealth Partners LLC purchased a new stake in Invesco India ETF in the 4th quarter worth about $812,000. Finally, Arvest Investments Inc. purchased a new stake in Invesco India ETF in the 4th quarter worth about $495,000.

Invesco India ETF Price Performance

Invesco India ETF stock traded up $0.33 during mid-day trading on Monday, hitting $28.98. The company’s stock had a trading volume of 65,076 shares, compared to its average volume of 63,535. The firm’s 50 day moving average is $27.68 and its 200 day moving average is $26.74. The company has a market cap of $250.34 million, a PE ratio of 26.92 and a beta of 0.55. Invesco India ETF has a 52-week low of $22.44 and a 52-week high of $29.18.

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.