Envestnet Asset Management Inc. Buys 2,985 Shares of Invesco India ETF $PIN

Envestnet Asset Management Inc. grew its stake in Invesco India ETF (NYSEARCA:PIN) by 24.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,424 shares of the company’s stock after buying an additional 2,985 shares during the quarter. Envestnet Asset Management Inc. owned 0.18% of Invesco India ETF worth $416,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PIN. McAdam LLC lifted its position in Invesco India ETF by 7.2% in the 2nd quarter. McAdam LLC now owns 224,377 shares of the company’s stock valued at $6,047,000 after acquiring an additional 15,015 shares in the last quarter. OLD Mission Capital LLC raised its stake in shares of Invesco India ETF by 409.0% in the 1st quarter. OLD Mission Capital LLC now owns 191,228 shares of the company’s stock valued at $4,783,000 after purchasing an additional 153,662 shares during the period. Truist Financial Corp lifted its holdings in shares of Invesco India ETF by 6.7% in the second quarter. Truist Financial Corp now owns 124,472 shares of the company’s stock valued at $3,355,000 after purchasing an additional 7,800 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Invesco India ETF by 0.8% in the first quarter. Sei Investments Co. now owns 67,702 shares of the company’s stock valued at $1,694,000 after purchasing an additional 522 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Invesco India ETF by 43.5% during the first quarter. Cetera Investment Advisers now owns 54,842 shares of the company’s stock worth $1,372,000 after buying an additional 16,635 shares during the period. 40.83% of the stock is currently owned by institutional investors and hedge funds.

Invesco India ETF Stock Performance

NYSEARCA:PIN opened at $26.28 on Thursday. The stock has a 50-day simple moving average of $25.95 and a 200 day simple moving average of $26.10. Invesco India ETF has a 52-week low of $23.07 and a 52-week high of $29.37. The company has a market cap of $214.71 million, a PE ratio of 26.32 and a beta of 0.47.

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.