Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Down – Time to Sell?

Invesco China Technology ETF (NYSEARCA:CQQQ)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $40.64, but opened at $39.25. Invesco China Technology ETF shares last traded at $39.17, with a volume of 45,707 shares trading hands.

Invesco China Technology ETF Stock Down 3.7 %

The stock has a market cap of $741.70 million, a PE ratio of 19.03 and a beta of 1.22. The stock has a fifty day moving average of $40.36 and a 200-day moving average of $36.11.

Institutional Investors Weigh In On Invesco China Technology ETF

Several large investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its stake in Invesco China Technology ETF by 19.0% in the 3rd quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock valued at $465,000 after buying an additional 1,802 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Invesco China Technology ETF in the second quarter valued at about $335,000. Envestnet Asset Management Inc. increased its stake in shares of Invesco China Technology ETF by 1,070.6% during the second quarter. Envestnet Asset Management Inc. now owns 97,117 shares of the company’s stock worth $3,257,000 after acquiring an additional 88,821 shares during the period. Banque Cantonale Vaudoise raised its holdings in Invesco China Technology ETF by 24.9% during the second quarter. Banque Cantonale Vaudoise now owns 63,355 shares of the company’s stock worth $2,125,000 after purchasing an additional 12,613 shares in the last quarter. Finally, SVB Wealth LLC lifted its position in Invesco China Technology ETF by 182.5% in the first quarter. SVB Wealth LLC now owns 33,470 shares of the company’s stock valued at $1,073,000 after purchasing an additional 21,623 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).