Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Strong Trading Volume

Invesco China Technology ETF (NYSEARCA:CQQQ) shares saw unusually-strong trading volume on Wednesday . Approximately 303,279 shares were traded during trading, an increase of 32% from the previous session’s volume of 230,030 shares.The stock last traded at $32.98 and had previously closed at $33.35.

Invesco China Technology ETF Stock Up 0.8 %

The business has a 50-day moving average of $34.73 and a 200-day moving average of $33.10. The stock has a market cap of $619.19 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

Hedge Funds Weigh In On Invesco China Technology ETF

A number of institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise increased its stake in shares of Invesco China Technology ETF by 1.3% in the first quarter. Banque Cantonale Vaudoise now owns 50,742 shares of the company’s stock worth $1,626,000 after purchasing an additional 627 shares during the period. SVB Wealth LLC increased its stake in Invesco China Technology ETF by 182.5% during the first quarter. SVB Wealth LLC now owns 33,470 shares of the company’s stock valued at $1,073,000 after acquiring an additional 21,623 shares during the period. GSA Capital Partners LLP increased its stake in Invesco China Technology ETF by 95.0% during the first quarter. GSA Capital Partners LLP now owns 24,861 shares of the company’s stock valued at $797,000 after acquiring an additional 12,115 shares during the period. Syon Capital LLC bought a new position in Invesco China Technology ETF during the fourth quarter valued at about $801,000. Finally, Axxcess Wealth Management LLC increased its stake in Invesco China Technology ETF by 81.9% during the first quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock valued at $589,000 after acquiring an additional 8,268 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).