Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Up – Should You Buy?

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) gapped up before the market opened 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.

Invesco China Technology ETF Trading Down 2.0 %

The company has a market capitalization of $799.88 million, a price-to-earnings ratio of 19.03 and a beta of 1.22. The stock has a 50-day simple moving average of $38.11 and a 200-day simple moving average of $35.52.

Institutional Trading of Invesco China Technology ETF

Several institutional investors have recently added to or reduced their stakes in CQQQ. Hsbc Holdings PLC acquired a new position in Invesco China Technology ETF during the 2nd quarter worth $335,000. Private Advisor Group LLC grew its stake in 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 purchasing an additional 1,802 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Invesco China Technology ETF by 1,070.6% in the second quarter. Envestnet Asset Management Inc. now owns 97,117 shares of the company’s stock valued at $3,257,000 after buying an additional 88,821 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in Invesco China Technology ETF by 24.9% during the second quarter. Banque Cantonale Vaudoise now owns 63,355 shares of the company’s stock valued at $2,125,000 after buying an additional 12,613 shares in the last quarter. Finally, SVB Wealth LLC lifted its holdings in 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 buying an additional 21,623 shares during the last quarter.

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).