Royal Bank of Canada Cuts Stock Holdings in Invesco Golden Dragon China ETF $PGJ

Royal Bank of Canada reduced its stake in Invesco Golden Dragon China ETF (NASDAQ:PGJFree Report) by 85.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,039 shares of the company’s stock after selling 24,646 shares during the period. Royal Bank of Canada owned approximately 0.09% of Invesco Golden Dragon China ETF worth $105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PGJ. Bank of America Corp DE grew its stake in Invesco Golden Dragon China ETF by 95.5% during the 2nd quarter. Bank of America Corp DE now owns 8,727 shares of the company’s stock worth $248,000 after purchasing an additional 4,263 shares in the last quarter. Wells Fargo & Company MN raised its position in Invesco Golden Dragon China ETF by 20.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,197 shares of the company’s stock valued at $409,000 after purchasing an additional 2,451 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Invesco Golden Dragon China ETF by 22.0% in the 1st quarter. Jane Street Group LLC now owns 16,318 shares of the company’s stock valued at $483,000 after buying an additional 2,947 shares during the period. Jones Financial Companies Lllp grew its position in shares of Invesco Golden Dragon China ETF by 4.4% during the first quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock worth $488,000 after buying an additional 699 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Invesco Golden Dragon China ETF during the third quarter worth about $508,000.

Invesco Golden Dragon China ETF Stock Performance

PGJ stock opened at $23.44 on Tuesday. The company’s 50 day moving average price is $24.03 and its 200 day moving average price is $25.63. Invesco Golden Dragon China ETF has a fifty-two week low of $21.69 and a fifty-two week high of $34.54. The firm has a market capitalization of $90.48 million, a price-to-earnings ratio of 14.18 and a beta of 0.46.

Invesco Golden Dragon China ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.0685 per share. This represents a $0.27 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, June 22nd.

Invesco Golden Dragon China ETF Company Profile

(Free Report)

The Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is managed by Invesco.

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Institutional Ownership by Quarter for Invesco Golden Dragon China ETF (NASDAQ:PGJ)

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