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

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) 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 Stock Down 0.4 %

The stock has a market capitalization of $723.89 million, a PE ratio of 19.03 and a beta of 1.22. The firm’s fifty day moving average price is $40.86 and its two-hundred day moving average price is $37.14.

Institutional Trading of Invesco China Technology ETF

Hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC purchased a new stake in Invesco China Technology ETF during the third quarter valued at approximately $221,000. Pictet North America Advisors SA bought a new position in shares of Invesco China Technology ETF in the third quarter worth about $225,000. Hsbc Holdings PLC bought a new position in shares of Invesco China Technology ETF in the second quarter worth about $335,000. DRW Securities LLC purchased a new position in shares of Invesco China Technology ETF during the 3rd quarter valued at about $343,000. Finally, Private Advisor Group LLC grew its stake in shares of Invesco China Technology ETF by 19.0% during the 3rd quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock valued at $465,000 after acquiring 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).