VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Stock Price Down 2.2% – Should You Sell?

VanEck India Growth Leaders ETF (NYSEARCA:GLIN)’s stock price fell 2.2% during trading on Tuesday . The company traded as low as $45.01 and last traded at $45.01. 9,430 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 73,839 shares. The stock had previously closed at $46.01.

VanEck India Growth Leaders ETF Stock Performance

The firm has a market cap of $95.42 million, a PE ratio of 15.62 and a beta of 0.69. The firm has a fifty day simple moving average of $45.42 and a two-hundred day simple moving average of $45.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in VanEck India Growth Leaders ETF by 26.6% in the first quarter. Royal Bank of Canada now owns 4,892 shares of the company’s stock worth $198,000 after purchasing an additional 1,027 shares during the last quarter. J. Safra Sarasin Holding AG bought a new position in VanEck India Growth Leaders ETF during the first quarter valued at $264,000. Ascent Advisors LLC purchased a new position in shares of VanEck India Growth Leaders ETF in the 1st quarter worth $302,000. MML Investors Services LLC grew its stake in shares of VanEck India Growth Leaders ETF by 2.8% in the 4th quarter. MML Investors Services LLC now owns 115,019 shares of the company’s stock worth $5,302,000 after buying an additional 3,168 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of VanEck India Growth Leaders ETF by 11.1% in the 4th quarter. Jane Street Group LLC now owns 50,024 shares of the company’s stock worth $2,306,000 after buying an additional 4,993 shares during the last quarter.

About VanEck India Growth Leaders ETF

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.