Jessup Wealth Management Inc bought a new position in shares of Invesco China Technology ETF (NYSEARCA:CQQQ – Free Report) in the fourth quarter, HoldingsChannel reports. The firm bought 134,693 shares of the company’s stock, valued at approximately $7,004,000. Invesco China Technology ETF makes up approximately 2.3% of Jessup Wealth Management Inc’s investment portfolio, making the stock its 13th largest holding.
A number of other large investors have also modified their holdings of CQQQ. Manchester Capital Management LLC purchased a new position in shares of Invesco China Technology ETF during the 4th quarter worth approximately $34,000. Zions Bancorporation National Association UT purchased a new position in shares of Invesco China Technology ETF during the 4th quarter worth approximately $52,000. Advisory Services Network LLC purchased a new position in shares of Invesco China Technology ETF during the 3rd quarter worth approximately $60,000. Comerica Bank purchased a new position in shares of Invesco China Technology ETF during the 4th quarter worth approximately $61,000. Finally, Stelac Advisory Services LLC purchased a new position in shares of Invesco China Technology ETF during the 3rd quarter worth approximately $124,000.
Invesco China Technology ETF Trading Down 0.8%
Shares of CQQQ stock opened at $51.30 on Thursday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 20.61 and a beta of 0.62. The stock has a 50 day simple moving average of $50.85 and a 200-day simple moving average of $51.95. Invesco China Technology ETF has a 12-month low of $41.88 and a 12-month high of $61.20.
About Invesco China Technology ETF
Guggenheim China Technology ETF (the Fund), formerly Claymore China Technology ETF, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the AlphaShares China Technology Index (the Index). The Fund will invest at least 80% of its total assets in common stock, American depositary receipts (ADRs), American depositary shares (ADSs), global depositary receipts (GDRs) and international depositary receipts (IDRs) that comprise the Index and depositary receipts or shares representing common stocks included in the Index (or underlying securities representing ADRs, ADSs, GDRs and IDRs included in the Index).
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