Yoffe Investment Management LLC Invests $423,000 in Invesco India ETF (NYSEARCA:PIN)

Yoffe Investment Management LLC purchased a new stake in Invesco India ETF (NYSEARCA:PIN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,402 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PIN. Private Wealth Management Group LLC purchased a new stake in Invesco India ETF in the 4th quarter valued at $29,000. Collier Financial purchased a new stake in Invesco India ETF in the 4th quarter valued at $73,000. Mpwm Advisory Solutions LLC purchased a new stake in Invesco India ETF in the 4th quarter valued at $184,000. Jones Financial Companies Lllp raised its position in Invesco India ETF by 65.2% in the 4th quarter. Jones Financial Companies Lllp now owns 14,138 shares of the company’s stock valued at $364,000 after purchasing an additional 5,579 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Invesco India ETF by 94.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 16,204 shares of the company’s stock valued at $417,000 after purchasing an additional 7,882 shares during the last quarter.

Invesco India ETF Price Performance

PIN stock opened at $26.60 on Monday. The company has a market cap of $233.02 million, a price-to-earnings ratio of 23.46 and a beta of 0.58. The company has a fifty day moving average price of $25.41 and a 200 day moving average price of $25.80. Invesco India ETF has a 12 month low of $23.07 and a 12 month high of $31.17.

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.