Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Down 1.6% – Here’s What Happened

Invesco Golden Dragon China ETF (NASDAQ:PGJGet Free Report) dropped 1.6% during mid-day trading on Monday . The company traded as low as $23.90 and last traded at $23.92. Approximately 19,040 shares traded hands during trading, a decline of 23% from the average session volume of 24,679 shares. The stock had previously closed at $24.32.

Invesco Golden Dragon China ETF Trading Down 1.6%

The firm has a market cap of $92.33 million, a P/E ratio of 14.18 and a beta of 0.46. The company’s fifty day moving average price is $23.99 and its two-hundred day moving average price is $25.83.

Invesco Golden Dragon China ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.0685 per share. This represents a $0.27 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Golden Dragon China ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Invesco Golden Dragon China ETF by 95.5% in the second quarter. Bank of America Corp DE now owns 8,727 shares of the company’s stock valued at $248,000 after acquiring an additional 4,263 shares during 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 during the last quarter. Ameriprise Financial Inc. bought a new position in Invesco Golden Dragon China ETF in the 3rd quarter valued at $508,000. Jane Street Group LLC boosted its stake in Invesco Golden Dragon China ETF by 22.0% in the first quarter. Jane Street Group LLC now owns 16,318 shares of the company’s stock worth $483,000 after purchasing an additional 2,947 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Invesco Golden Dragon China ETF by 4.4% in the first quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock worth $488,000 after purchasing an additional 699 shares in the last quarter.

Invesco Golden Dragon China ETF Company Profile

(Get 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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