Invesco China Technology ETF (NYSEARCA:CQQQ) Reaches New 1-Year High at $38.68

Invesco China Technology ETF (NYSEARCA:CQQQ) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.68 and last traded at $37.97, with a volume of 206761 shares changing hands. The stock had previously closed at $34.83.

Invesco China Technology ETF Price Performance

The stock’s fifty day moving average is $32.36 and its 200-day moving average is $33.45. The stock has a market cap of $752.50 million, a PE ratio of 19.03 and a beta of 1.22.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new position in Invesco China Technology ETF during the second quarter worth about $335,000. Sycomore Asset Management purchased a new position in Invesco China Technology ETF during the first quarter worth about $317,000. Axxcess Wealth Management LLC boosted 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 worth $589,000 after buying an additional 8,268 shares during the period. Syon Capital LLC purchased a new position in Invesco China Technology ETF during the fourth quarter worth about $801,000. Finally, GSA Capital Partners LLP boosted 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 worth $797,000 after buying an additional 12,115 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).