Weatherly Asset Management L. P. Cuts Holdings in Invesco India ETF (NYSEARCA:PIN)

Weatherly Asset Management L. P. trimmed its stake in Invesco India ETF (NYSEARCA:PIN) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,156 shares of the company’s stock after selling 13,449 shares during the quarter. Weatherly Asset Management L. P. owned approximately 0.23% of Invesco India ETF worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC boosted its stake in Invesco India ETF by 8.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 7,800 shares of the company’s stock valued at $201,000 after acquiring an additional 606 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco India ETF by 7.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,314 shares of the company’s stock valued at $286,000 after acquiring an additional 635 shares during the last quarter. Private Wealth Management Group LLC purchased a new position in Invesco India ETF in the fourth quarter valued at about $29,000. Cetera Investment Advisers boosted its stake in Invesco India ETF by 4.6% in the second quarter. Cetera Investment Advisers now owns 36,896 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Invesco India ETF by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 43,013 shares of the company’s stock valued at $1,321,000 after acquiring an additional 1,825 shares during the last quarter.

Invesco India ETF Trading Up 0.2 %

Shares of PIN stock opened at $24.69 on Tuesday. The stock has a market capitalization of $213.32 million, a P/E ratio of 26.92 and a beta of 0.55. The firm’s 50 day moving average is $26.38 and its 200 day moving average is $28.42. Invesco India ETF has a 12 month low of $24.40 and a 12 month high of $31.17.

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.