Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Down 1.7% – Here’s What Happened

Invesco China Technology ETF (NYSEARCA:CQQQ) shares dropped 1.7% on Tuesday . The company traded as low as $39.19 and last traded at $39.38. Approximately 108,136 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 282,810 shares. The stock had previously closed at $40.06.

Invesco China Technology ETF Stock Down 2.6 %

The stock’s 50 day moving average price is $40.95 and its 200-day moving average price is $37.12. The stock has a market capitalization of $726.73 million, a PE ratio of 19.03 and a beta of 1.22.

Institutional Trading of Invesco China Technology ETF

Several institutional investors have recently made changes to their positions in CQQQ. Ground Swell Capital LLC purchased a new position in Invesco China Technology ETF during the 3rd quarter valued at approximately $221,000. Pictet North America Advisors SA bought a new position in shares of Invesco China Technology ETF during the 3rd quarter valued at approximately $225,000. Hsbc Holdings PLC purchased a new position in shares of Invesco China Technology ETF in the second quarter valued at $335,000. DRW Securities LLC bought a new stake in Invesco China Technology ETF in the third quarter worth $343,000. Finally, Private Advisor Group LLC raised its stake in Invesco China Technology ETF by 19.0% during the third quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock valued at $465,000 after purchasing an additional 1,802 shares in the last quarter.

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).