Invesco Golden Dragon China ETF (NASDAQ:PGJ) Trading Down 0.3% – Should You Sell?

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s share price was down 0.3% on Monday . The company traded as low as $23.56 and last traded at $23.57. Approximately 12,916 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 25,289 shares. The stock had previously closed at $23.64.

Invesco Golden Dragon China ETF Trading Down 0.3%

The stock has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $26.90. The company has a market capitalization of $92.87 million, a PE ratio of 14.18 and a beta of 0.45.

Invesco Golden Dragon China ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.0685 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

Several hedge funds have recently added to or reduced their stakes in PGJ. Bank of America Corp DE increased its stake in Invesco Golden Dragon China ETF by 95.5% in the second quarter. Bank of America Corp DE now owns 8,727 shares of the company’s stock valued at $248,000 after purchasing an additional 4,263 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Invesco Golden Dragon China ETF by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,197 shares of the company’s stock worth $409,000 after buying an additional 2,451 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Invesco Golden Dragon China ETF during the 3rd quarter worth approximately $508,000. Jane Street Group LLC boosted its holdings in shares of Invesco Golden Dragon China ETF by 22.0% in the 1st quarter. Jane Street Group LLC now owns 16,318 shares of the company’s stock valued at $483,000 after buying an additional 2,947 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Invesco Golden Dragon China ETF by 4.4% in the 1st quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock valued at $488,000 after buying an additional 699 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.