Envestnet Asset Management Inc. Lowers Stock Holdings in Invesco China Technology ETF $CQQQ

Envestnet Asset Management Inc. lessened its holdings in Invesco China Technology ETF (NYSEARCA:CQQQ) by 11.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 113,134 shares of the company’s stock after selling 14,561 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco China Technology ETF were worth $6,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco China Technology ETF in the third quarter valued at about $549,000. J. Safra Sarasin Holding AG bought a new stake in Invesco China Technology ETF during the 3rd quarter valued at approximately $1,082,000. Trek Financial LLC purchased a new position in Invesco China Technology ETF in the 3rd quarter worth approximately $18,848,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Invesco China Technology ETF in the 3rd quarter worth approximately $79,000. Finally, Evergreen Capital Management LLC grew its holdings in Invesco China Technology ETF by 3.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 220,117 shares of the company’s stock valued at $12,989,000 after buying an additional 6,664 shares in the last quarter.

Invesco China Technology ETF Price Performance

Invesco China Technology ETF stock opened at $53.55 on Friday. Invesco China Technology ETF has a 1 year low of $35.62 and a 1 year high of $61.20. The firm’s 50 day moving average price is $54.37 and its 200-day moving average price is $54.08. The stock has a market cap of $3.02 billion, a P/E ratio of 20.61 and a beta of 0.43.

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).