Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Up 0.3% – Still a Buy?

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s share price shot up 0.3% on Tuesday . The company traded as high as $25.39 and last traded at $25.24. 34,472 shares were traded during trading, an increase of 40% from the average session volume of 24,675 shares. The stock had previously closed at $25.16.

Invesco Golden Dragon China ETF Trading Up 0.3%

The company has a market cap of $108.28 million, a PE ratio of 14.18 and a beta of 0.46. The business has a 50 day simple moving average of $26.47 and a two-hundred day simple moving average of $28.36.

Invesco Golden Dragon China ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0107 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco Golden Dragon China ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec increased its holdings in shares of Invesco Golden Dragon China ETF by 6.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 30,363 shares of the company’s stock worth $875,000 after buying an additional 1,947 shares during the last quarter. IHT Wealth Management LLC increased its holdings in Invesco Golden Dragon China ETF by 2.5% in the 2nd quarter. IHT Wealth Management LLC now owns 49,612 shares of the company’s stock valued at $1,408,000 after purchasing an additional 1,228 shares in the last quarter. Sava Infond d.o.o. grew its stake in shares of Invesco Golden Dragon China ETF by 33.3% during the third quarter. Sava Infond d.o.o. now owns 2,000 shares of the company’s stock valued at $66,000 after acquiring an additional 500 shares in the last quarter. MGB Wealth Management LLC acquired a new stake in shares of Invesco Golden Dragon China ETF during the third quarter valued at about $42,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco Golden Dragon China ETF by 4.7% during the third quarter. Envestnet Asset Management Inc. now owns 24,770 shares of the company’s stock valued at $822,000 after acquiring an additional 1,116 shares in the last quarter.

Invesco Golden Dragon China ETF Company Profile

The Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is managed by Invesco.