McAdam LLC Boosts Stake in Invesco India ETF (NYSEARCA:PIN)

McAdam LLC boosted its holdings in Invesco India ETF (NYSEARCA:PIN) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 155,316 shares of the company’s stock after purchasing an additional 8,359 shares during the period. McAdam LLC’s holdings in Invesco India ETF were worth $3,976,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cookson Peirce & Co. Inc. bought a new position in Invesco India ETF during the fourth quarter worth $214,000. Evolution Wealth Advisors LLC lifted its holdings in Invesco India ETF by 5.4% in the fourth quarter. Evolution Wealth Advisors LLC now owns 13,372 shares of the company’s stock worth $342,000 after acquiring an additional 685 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Invesco India ETF by 10.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,059 shares of the company’s stock worth $330,000 after purchasing an additional 1,361 shares during the period. Arvest Investments Inc. bought a new stake in Invesco India ETF in the fourth quarter valued at $495,000. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of Invesco India ETF in the 4th quarter worth about $812,000.

Invesco India ETF Price Performance

Shares of NYSEARCA PIN traded up $0.08 during midday trading on Monday, hitting $27.20. 10,367 shares of the company’s stock were exchanged, compared to its average volume of 68,108. Invesco India ETF has a twelve month low of $21.17 and a twelve month high of $27.36. The stock’s 50 day moving average price is $26.76 and its 200-day moving average price is $25.52. The firm has a market cap of $232.83 million, a P/E ratio of 26.79 and a beta of 0.56.

About Invesco India ETF

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.