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

Invesco China Technology ETF (NYSEARCA:CQQQ)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $39.38, but opened at $38.56. Invesco China Technology ETF shares last traded at $38.44, with a volume of 55,793 shares.

Invesco China Technology ETF Trading Down 0.4 %

The company has a 50-day moving average price of $40.86 and a two-hundred day moving average price of $37.14. The stock has a market cap of $723.89 million, a P/E ratio of 19.03 and a beta of 1.22.

Institutional Investors Weigh In On Invesco China Technology ETF

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

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).