Invesco China Technology ETF (NYSEARCA:CQQQ – Get Free Report) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $40.94 and last traded at $40.91, with a volume of 88,229 shares changing hands. The stock had previously closed at $41.53.
Invesco China Technology ETF Stock Performance
The stock has a market capitalization of $2.24 billion, a P/E ratio of 20.61 and a beta of 0.62. The company’s fifty day simple moving average is $46.60 and its two-hundred day simple moving average is $50.09.
Hedge Funds Weigh In On Invesco China Technology ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Invesco China Technology ETF by 23.0% in the first quarter. PNC Financial Services Group Inc. now owns 10,218,668 shares of the company’s stock valued at $470,263,000 after purchasing an additional 1,911,051 shares during the last quarter. Meitav Investment House Ltd. lifted its holdings in Invesco China Technology ETF by 9.9% during the 1st quarter. Meitav Investment House Ltd. now owns 1,066,020 shares of the company’s stock worth $49,058,000 after purchasing an additional 95,600 shares during the last quarter. Summit Rock Advisors LP acquired a new stake in Invesco China Technology ETF during the 3rd quarter worth approximately $20,089,000. Bank of America Corp DE lifted its holdings in Invesco China Technology ETF by 171.1% during the 1st quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock worth $9,572,000 after purchasing an additional 131,260 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in Invesco China Technology ETF during the 3rd quarter worth approximately $7,510,000.
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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