Guild Investment Management Inc. Sells 2,028 Shares of VanEck India Growth Leaders ETF (NYSEARCA:GLIN)

Guild Investment Management Inc. reduced its stake in VanEck India Growth Leaders ETF (NYSEARCA:GLIN) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,720 shares of the company’s stock after selling 2,028 shares during the period. VanEck India Growth Leaders ETF comprises approximately 4.7% of Guild Investment Management Inc.’s investment portfolio, making the stock its 5th largest position. Guild Investment Management Inc.’s holdings in VanEck India Growth Leaders ETF were worth $4,462,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Perennial Investment Advisors LLC boosted its position in VanEck India Growth Leaders ETF by 27.7% during the 2nd quarter. Perennial Investment Advisors LLC now owns 15,665 shares of the company’s stock worth $796,000 after buying an additional 3,400 shares during the period. ASB Consultores LLC acquired a new stake in VanEck India Growth Leaders ETF during the 2nd quarter worth approximately $254,000. Raymond James & Associates boosted its position in VanEck India Growth Leaders ETF by 7.3% during the 2nd quarter. Raymond James & Associates now owns 104,765 shares of the company’s stock worth $5,322,000 after buying an additional 7,159 shares during the period. Bank of Montreal Can boosted its position in VanEck India Growth Leaders ETF by 82,142.9% during the 2nd quarter. Bank of Montreal Can now owns 11,514 shares of the company’s stock worth $586,000 after buying an additional 11,500 shares during the period. Finally, Avalon Capital Management acquired a new position in shares of VanEck India Growth Leaders ETF in the 2nd quarter worth approximately $1,616,000.

VanEck India Growth Leaders ETF Stock Performance

Shares of NYSEARCA GLIN traded down $0.34 during midday trading on Friday, reaching $54.07. The stock had a trading volume of 4,641 shares, compared to its average volume of 23,454. The firm has a market cap of $155.18 million, a price-to-earnings ratio of 21.13 and a beta of 0.54. VanEck India Growth Leaders ETF has a twelve month low of $37.15 and a twelve month high of $55.50. The company’s 50 day moving average price is $53.34 and its 200 day moving average price is $50.61.

VanEck India Growth Leaders ETF 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.