PNC Financial Services Group Inc. increased its stake in shares of Invesco China Technology ETF (NYSEARCA:CQQQ – Free Report) by 23.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,218,668 shares of the company’s stock after purchasing an additional 1,911,051 shares during the period. PNC Financial Services Group Inc. owned 18.96% of Invesco China Technology ETF worth $470,263,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CQQQ. Royal Bank of Canada boosted its holdings in Invesco China Technology ETF by 1,936.5% in the 1st quarter. Royal Bank of Canada now owns 207,501 shares of the company’s stock worth $9,193,000 after buying an additional 197,312 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Invesco China Technology ETF by 3.0% in the first quarter. Goldman Sachs Group Inc. now owns 193,643 shares of the company’s stock valued at $8,580,000 after acquiring an additional 5,640 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Invesco China Technology ETF in the first quarter worth approximately $597,000. JPMorgan Chase & Co. increased its position in shares of Invesco China Technology ETF by 1.5% during the second quarter. JPMorgan Chase & Co. now owns 27,783 shares of the company’s stock worth $1,229,000 after purchasing an additional 424 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Invesco China Technology ETF during the second quarter worth approximately $2,461,000.
Invesco China Technology ETF Stock Performance
Shares of CQQQ stock opened at $52.35 on Wednesday. The stock’s fifty day moving average is $53.55 and its two-hundred day moving average is $52.33. The firm has a market capitalization of $3.09 billion, a P/E ratio of 20.61 and a beta of 0.60. Invesco China Technology ETF has a fifty-two week low of $44.29 and a fifty-two week high of $61.20.
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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