Arvest Investments Inc. Sells 57,367 Shares of Invesco India ETF $PIN

Arvest Investments Inc. reduced its stake in shares of Invesco India ETF (NYSEARCA:PIN) by 32.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,659 shares of the company’s stock after selling 57,367 shares during the period. Arvest Investments Inc. owned 1.48% of Invesco India ETF worth $3,025,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco India ETF in the second quarter worth about $37,000. Daymark Wealth Partners LLC purchased a new stake in shares of Invesco India ETF in the second quarter worth approximately $210,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Invesco India ETF during the 2nd quarter worth approximately $244,000. Washington Growth Strategies LLC grew its holdings in shares of Invesco India ETF by 44,552.0% in the second quarter. Washington Growth Strategies LLC now owns 11,163 shares of the company’s stock worth $301,000 after purchasing an additional 11,138 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Invesco India ETF by 24.0% during the second quarter. Envestnet Asset Management Inc. now owns 15,424 shares of the company’s stock worth $416,000 after acquiring an additional 2,985 shares during the period. Hedge funds and other institutional investors own 40.83% of the company’s stock.

Invesco India ETF Stock Up 1.8%

PIN opened at $26.14 on Monday. Invesco India ETF has a 52 week low of $23.07 and a 52 week high of $28.48. The stock’s fifty day moving average is $26.09 and its two-hundred day moving average is $26.03. The company has a market capitalization of $213.56 million, a P/E ratio of 26.32 and a beta of 0.47.

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