Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Large Volume Increase – Still a Buy?

Invesco China Technology ETF (NYSEARCA:CQQQGet Free Report) saw unusually-high trading volume on Monday . Approximately 2,065,712 shares traded hands during trading, an increase of 71% from the previous session’s volume of 1,207,548 shares.The stock last traded at $45.9640 and had previously closed at $46.33.

Invesco China Technology ETF Price Performance

The business has a 50-day moving average of $50.64 and a two-hundred day moving average of $50.85. The company has a market cap of $2.80 billion, a P/E ratio of 20.61 and a beta of 0.63.

Institutional Trading of Invesco China Technology ETF

Several hedge funds have recently modified their holdings of the company. BlueCrest Capital Management Ltd bought a new stake in shares of Invesco China Technology ETF in the 2nd quarter valued at about $5,423,000. Integrated Wealth Concepts LLC purchased a new stake in Invesco China Technology ETF during the second quarter valued at approximately $139,000. TD Waterhouse Canada Inc. lifted its position in Invesco China Technology ETF by 23.8% during the second quarter. TD Waterhouse Canada Inc. now owns 8,780 shares of the company’s stock valued at $500,000 after acquiring an additional 1,690 shares during the last quarter. WIT Partners Advisory Pte. Ltd. acquired a new stake in Invesco China Technology ETF in the second quarter valued at approximately $1,546,000. Finally, Triumph Capital Management boosted its stake in Invesco China Technology ETF by 66.8% in the second quarter. Triumph Capital Management now owns 3,734 shares of the company’s stock valued at $213,000 after acquiring an additional 1,496 shares in the last quarter.

About Invesco China Technology ETF

(Get Free Report)

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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