Northwestern Mutual Wealth Management Co. Acquires 82,045 Shares of Invesco India ETF $PIN

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco India ETF (NYSEARCA:PIN) by 2,376.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,497 shares of the company’s stock after acquiring an additional 82,045 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco India ETF were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP bought a new position in Invesco India ETF in the third quarter worth $36,000. Advisory Services Network LLC bought a new position in Invesco India ETF in the third quarter worth $38,000. Farther Finance Advisors LLC raised its holdings in Invesco India ETF by 211.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock worth $62,000 after purchasing an additional 1,730 shares in the last quarter. Sharper & Granite LLC raised its holdings in Invesco India ETF by 4.8% in the fourth quarter. Sharper & Granite LLC now owns 12,615 shares of the company’s stock worth $307,000 after purchasing an additional 575 shares in the last quarter. Finally, Clare Market Investments LLC raised its holdings in Invesco India ETF by 64.7% in the third quarter. Clare Market Investments LLC now owns 13,242 shares of the company’s stock worth $332,000 after purchasing an additional 5,200 shares in the last quarter. Institutional investors own 40.83% of the company’s stock.

Invesco India ETF Trading Up 0.2%

PIN opened at $20.90 on Wednesday. The stock has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $23.25. The company has a market cap of $158.63 million, a price-to-earnings ratio of 26.32 and a beta of 0.47. Invesco India ETF has a 12-month low of $22.99 and a 12-month high of $27.20.

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. The Index is designed to represent the segment of the Indian equity markets.