Invesco China Technology ETF (NYSEARCA:CQQQ) Sets New 1-Year Low – Here’s Why

Invesco China Technology ETF (NYSEARCA:CQQQ)’s stock price hit a new 52-week low during trading on Wednesday. The company traded as low as $42.23 and last traded at $42.2550, with a volume of 946,438 shares. The stock had previously closed at $43.09.

Invesco China Technology ETF Price Performance

The business has a fifty day simple moving average of $47.28 and a two-hundred day simple moving average of $50.18. The company has a market cap of $2.31 billion, a PE ratio of 20.61 and a beta of 0.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in Invesco China Technology ETF by 23.0% in the first quarter. PNC Financial Services Group Inc. now owns 10,218,668 shares of the company’s stock worth $470,263,000 after purchasing an additional 1,911,051 shares in the last quarter. Summit Rock Advisors LP bought a new stake in shares of Invesco China Technology ETF in the 3rd quarter valued at about $20,089,000. Bank of America Corp DE boosted its holdings in shares of Invesco China Technology ETF by 171.1% in the 1st quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock valued at $9,572,000 after buying an additional 131,260 shares in the last quarter. Evelyn Partners Asset Management Ltd purchased a new position in shares of Invesco China Technology ETF in the 1st quarter worth approximately $4,866,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Invesco China Technology ETF by 38,898.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 100,227 shares of the company’s stock worth $5,212,000 after buying an additional 99,970 shares during 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).