VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Shares Up 1.8% – Time to Buy?

Shares of VanEck India Growth Leaders ETF (NYSEARCA:GLIN) rose 1.8% during mid-day trading on Thursday . The company traded as high as $45.25 and last traded at $45.15. Approximately 10,886 shares changed hands during trading, a decline of 87% from the average daily volume of 86,144 shares. The stock had previously closed at $44.37.

VanEck India Growth Leaders ETF Price Performance

The business has a 50-day simple moving average of $44.22 and a 200-day simple moving average of $45.01. The firm has a market capitalization of $100.23 million, a PE ratio of 15.62 and a beta of 0.69.

Institutional Investors Weigh In On VanEck India Growth Leaders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in VanEck India Growth Leaders ETF by 11.1% during the fourth quarter. Royal Bank of Canada now owns 3,865 shares of the company’s stock valued at $178,000 after purchasing an additional 387 shares during the period. J. Safra Sarasin Holding AG bought a new position in shares of VanEck India Growth Leaders ETF during the first quarter valued at approximately $264,000. Ascent Advisors LLC bought a new position in shares of VanEck India Growth Leaders ETF during the first quarter valued at approximately $302,000. Susquehanna International Group LLP bought a new position in shares of VanEck India Growth Leaders ETF during the third quarter valued at approximately $477,000. Finally, Osaic Holdings Inc. grew its stake in shares of VanEck India Growth Leaders ETF by 21.7% during the second quarter. Osaic Holdings Inc. now owns 12,304 shares of the company’s stock valued at $577,000 after buying an additional 2,198 shares during the last quarter.

VanEck India Growth Leaders ETF Company Profile

The VanEck India Growth Leaders ETF (GLIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of growth companies in India. GLIN was launched on Aug 25, 2010 and is managed by VanEck.