Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Down to $32.47

Invesco China Technology ETF (NYSEARCA:CQQQ) shares gapped down before the market opened on Monday . The stock had previously closed at $32.47, but opened at $31.61. Invesco China Technology ETF shares last traded at $31.50, with a volume of 29,353 shares.

Invesco China Technology ETF Stock Down 1.0 %

The firm has a market cap of $588.02 million, a P/E ratio of 19.03 and a beta of 1.22. The business’s 50 day moving average is $33.32 and its two-hundred day moving average is $33.36.

Hedge Funds Weigh In On Invesco China Technology ETF

A number of institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise grew its stake in shares of Invesco China Technology ETF by 1.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 50,742 shares of the company’s stock worth $1,626,000 after acquiring an additional 627 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Invesco China Technology ETF in the fourth quarter worth $32,000. Axxcess Wealth Management LLC lifted its position in shares of Invesco China Technology ETF by 81.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock valued at $589,000 after buying an additional 8,268 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Invesco China Technology ETF during the 2nd quarter valued at approximately $335,000. Finally, Sycomore Asset Management purchased a new position in Invesco China Technology ETF in the 1st quarter valued at approximately $317,000.

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).