Shares of Invesco China Technology ETF (NYSEARCA:CQQQ – Get Free Report) hit a new 52-week low on Wednesday. The stock traded as low as $42.23 and last traded at $42.2550, with a volume of 946,438 shares changing hands. The stock had previously closed at $43.09.
Invesco China Technology ETF Price Performance
The stock has a fifty day simple moving average of $47.68 and a 200-day simple moving average of $50.22. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.61 and a beta of 0.62.
Hedge Funds Weigh In On Invesco China Technology ETF
Institutional investors have recently made changes to their positions in the company. BlueCrest Capital Management Ltd purchased a new position in Invesco China Technology ETF in the second quarter valued at $5,423,000. Bank of America Corp DE raised its position in shares of Invesco China Technology ETF by 171.1% in the first quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock worth $9,572,000 after acquiring an additional 131,260 shares during the period. Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of Invesco China Technology ETF during the 1st quarter worth about $1,091,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Invesco China Technology ETF during the 1st quarter worth about $4,866,000. Finally, Eurizon Asset Management Hungary Ltd. purchased a new stake in shares of Invesco China Technology ETF during the 1st quarter worth about $920,000.
Invesco China Technology ETF Company Profile
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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