Evergreen Capital Management LLC Has $3.78 Million Stock Holdings in India Internet ETF $INQQ

Evergreen Capital Management LLC increased its holdings in India Internet ETF (NYSEARCA:INQQ) by 114.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 242,125 shares of the company’s stock after purchasing an additional 128,983 shares during the quarter. Evergreen Capital Management LLC owned approximately 6.19% of India Internet ETF worth $3,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in shares of India Internet ETF by 10.5% in the second quarter. Cetera Investment Advisers now owns 57,303 shares of the company’s stock worth $951,000 after acquiring an additional 5,444 shares during the period. Ameriprise Financial Inc. raised its holdings in India Internet ETF by 6.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 39,929 shares of the company’s stock worth $663,000 after purchasing an additional 2,304 shares during the last quarter. Ethos Financial Group LLC lifted its position in shares of India Internet ETF by 5.4% in the 3rd quarter. Ethos Financial Group LLC now owns 36,436 shares of the company’s stock worth $568,000 after purchasing an additional 1,879 shares during the period. Sheets Smith Wealth Management lifted its position in shares of India Internet ETF by 3.2% in the 3rd quarter. Sheets Smith Wealth Management now owns 28,814 shares of the company’s stock worth $449,000 after purchasing an additional 904 shares during the period. Finally, Smith Moore & CO. raised its position in shares of India Internet ETF by 6.8% during the second quarter. Smith Moore & CO. now owns 22,295 shares of the company’s stock worth $370,000 after purchasing an additional 1,410 shares during the period.

India Internet ETF Trading Down 0.6%

NYSEARCA INQQ opened at $14.27 on Friday. The company has a market cap of $52.80 million, a P/E ratio of 57.79 and a beta of 0.60. The company has a fifty day simple moving average of $15.15 and a 200 day simple moving average of $15.77. India Internet ETF has a 12-month low of $13.25 and a 12-month high of $16.67.

India Internet ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.3283 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 223.0%.

About India Internet ETF

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.