Invesco China Technology ETF (NYSEARCA:CQQQ – Get Free Report)’s stock price dropped 5.4% during trading on Friday . The company traded as low as $49.78 and last traded at $50.13. 600,722 shares were traded during trading, a decline of 54% from the average daily volume of 1,301,616 shares. The stock had previously closed at $53.01.
Invesco China Technology ETF Price Performance
The firm has a 50-day simple moving average of $53.66 and a two-hundred day simple moving average of $52.34. The company has a market cap of $2.97 billion, a PE ratio of 20.61 and a beta of 0.60.
Institutional Trading of Invesco China Technology ETF
A number of large investors have recently made changes to their positions in CQQQ. Heritage Wealth Advisors acquired a new position in Invesco China Technology ETF in the 4th quarter valued at about $30,000. Manchester Capital Management LLC acquired a new stake in shares of Invesco China Technology ETF during the 4th quarter worth about $34,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invesco China Technology ETF during the 4th quarter worth about $52,000. Advisory Services Network LLC purchased a new stake in shares of Invesco China Technology ETF during the third quarter worth about $60,000. Finally, Comerica Bank purchased a new stake in shares of Invesco China Technology ETF during the fourth quarter worth about $61,000.
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).
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