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

Invesco China Technology ETF (NYSEARCA:CQQQ) gapped up prior to trading on Tuesday . The stock had previously closed at $41.14, but opened at $42.95. Invesco China Technology ETF shares last traded at $42.91, with a volume of 73,253 shares trading hands.

Invesco China Technology ETF Stock Performance

The stock has a market capitalization of $799.88 million, a PE ratio of 19.03 and a beta of 1.22. The company’s fifty day simple moving average is $38.11 and its two-hundred day simple moving average is $35.52.

Institutional Investors Weigh In On Invesco China Technology ETF

Large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new stake in shares of Invesco China Technology ETF during the 2nd quarter worth about $335,000. Private Advisor Group LLC boosted its position in Invesco China Technology ETF by 19.0% during the third quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock worth $465,000 after acquiring an additional 1,802 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco China Technology ETF by 1,070.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 97,117 shares of the company’s stock worth $3,257,000 after acquiring an additional 88,821 shares during the period. Banque Cantonale Vaudoise raised its holdings in Invesco China Technology ETF by 24.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 63,355 shares of the company’s stock valued at $2,125,000 after acquiring an additional 12,613 shares during the last quarter. Finally, SVB Wealth LLC lifted its stake in shares of Invesco China Technology ETF by 182.5% during the 1st quarter. SVB Wealth LLC now owns 33,470 shares of the company’s stock worth $1,073,000 after purchasing an additional 21,623 shares during the period.

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).