Invesco China Technology ETF (NYSEARCA:CQQQ – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $43.15 and last traded at $43.1760, with a volume of 60813 shares changing hands. The stock had previously closed at $44.44.
Invesco China Technology ETF Price Performance
The company’s 50 day simple moving average is $48.26 and its 200 day simple moving average is $50.31. The stock has a market cap of $2.43 billion, a P/E ratio of 20.61 and a beta of 0.62.
Institutional Trading of Invesco China Technology ETF
A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Invesco China Technology ETF by 23.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,218,668 shares of the company’s stock worth $470,263,000 after acquiring an additional 1,911,051 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in shares of Invesco China Technology ETF by 9.9% in the first quarter. Meitav Investment House Ltd. now owns 1,066,020 shares of the company’s stock worth $49,058,000 after acquiring an additional 95,600 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco China Technology ETF by 171.1% during the first 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 period. Jessup Wealth Management Inc acquired a new stake in shares of Invesco China Technology ETF during the fourth quarter worth about $7,004,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Invesco China Technology ETF by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,965 shares of the company’s stock valued at $6,442,000 after purchasing an additional 1,216 shares in the last quarter.
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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