Evergreen Capital Management LLC Has $4.61 Million Stock Position in India Internet ETF $INQQ

Evergreen Capital Management LLC boosted its stake in India Internet ETF (NYSEARCA:INQQ) by 29.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,174 shares of the company’s stock after purchasing an additional 71,049 shares during the quarter. Evergreen Capital Management LLC owned about 8.46% of India Internet ETF worth $4,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in India Internet ETF in the 2nd quarter valued at about $81,000. Osaic Holdings Inc. increased its stake in India Internet ETF by 21.5% in the second quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after acquiring an additional 1,130 shares during the last quarter. Susquehanna International Group LLP bought a new position in India Internet ETF in the third quarter valued at approximately $163,000. Envestnet Asset Management Inc. acquired a new position in shares of India Internet ETF during the 3rd quarter worth $231,000. Finally, Smith Moore & CO. raised its stake in India Internet ETF by 11.4% during the third quarter. Smith Moore & CO. now owns 24,832 shares of the company’s stock worth $387,000 after acquiring an additional 2,537 shares in the last quarter.

India Internet ETF Trading Down 0.4%

Shares of India Internet ETF stock opened at $12.95 on Wednesday. The firm’s 50 day moving average is $12.53 and its 200 day moving average is $14.22. The firm has a market capitalization of $49.86 million, a PE ratio of 57.79 and a beta of 0.66. India Internet ETF has a 1 year low of $11.25 and a 1 year high of $16.67.

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.