Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Down to $34.42

Invesco China Technology ETF (NYSEARCA:CQQQ)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $34.42, but opened at $33.57. Invesco China Technology ETF shares last traded at $33.51, with a volume of 4,071 shares traded.

Invesco China Technology ETF Stock Performance

The company has a market cap of $633.31 million, a PE ratio of 19.03 and a beta of 1.22. The business’s 50-day moving average is $35.19 and its 200 day moving average is $33.21.

Hedge Funds Weigh In On Invesco China Technology ETF

A number of large investors have recently added to or reduced their stakes in the business. SVB Wealth LLC raised its position in Invesco China Technology ETF by 182.5% in the 1st quarter. SVB Wealth LLC now owns 33,470 shares of the company’s stock worth $1,073,000 after purchasing an additional 21,623 shares during the period. Axxcess Wealth Management LLC raised its position in Invesco China Technology ETF by 81.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock worth $589,000 after purchasing an additional 8,268 shares during the period. GSA Capital Partners LLP raised its position in Invesco China Technology ETF by 95.0% in the 1st quarter. GSA Capital Partners LLP now owns 24,861 shares of the company’s stock worth $797,000 after purchasing an additional 12,115 shares during the period. Sycomore Asset Management purchased a new position in Invesco China Technology ETF in the 1st quarter worth $317,000. Finally, Banque Cantonale Vaudoise increased its position in shares of Invesco China Technology ETF by 1.3% in the first quarter. Banque Cantonale Vaudoise now owns 50,742 shares of the company’s stock valued at $1,626,000 after acquiring an additional 627 shares during the period.

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).