Ameriprise Financial Inc. Acquires 10,643 Shares of Invesco India ETF (NYSEARCA:PIN)

Ameriprise Financial Inc. raised its holdings in shares of Invesco India ETF (NYSEARCA:PIN) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,588 shares of the company’s stock after buying an additional 10,643 shares during the period. Ameriprise Financial Inc. owned about 1.95% of Invesco India ETF worth $4,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Invesco India ETF by 180,484.0% during the fourth quarter. JPMorgan Chase & Co. now owns 361,168 shares of the company’s stock worth $9,307,000 after purchasing an additional 360,968 shares during the period. MML Investors Services LLC purchased a new stake in Invesco India ETF in the fourth quarter worth $7,899,000. LPL Financial LLC boosted its holdings in Invesco India ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 226,493 shares of the company’s stock valued at $5,837,000 after acquiring an additional 4,044 shares in the last quarter. McAdam LLC increased its position in Invesco India ETF by 23.8% during the 4th quarter. McAdam LLC now owns 213,362 shares of the company’s stock valued at $5,498,000 after purchasing an additional 40,954 shares during the period. Finally, Arvest Investments Inc. raised its holdings in Invesco India ETF by 4.5% in the 4th quarter. Arvest Investments Inc. now owns 120,451 shares of the company’s stock worth $3,104,000 after purchasing an additional 5,138 shares in the last quarter.

Invesco India ETF Trading Up 1.6%

NYSEARCA:PIN opened at $26.60 on Monday. The company has a 50-day moving average price of $25.41 and a 200-day moving average price of $25.80. The stock has a market cap of $233.02 million, a price-to-earnings ratio of 23.46 and a beta of 0.58. Invesco India ETF has a 12 month low of $23.07 and a 12 month high of $31.17.

Invesco India ETF 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.