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

Invesco China Technology ETF (NYSEARCA:CQQQ) gapped up before the market opened on Wednesday . The stock had previously closed at $38.84, but opened at $40.30. Invesco China Technology ETF shares last traded at $40.30, with a volume of 3,800 shares traded.

Invesco China Technology ETF Trading Up 3.8 %

The stock has a fifty day moving average of $41.17 and a two-hundred day moving average of $36.24. The stock has a market capitalization of $764.06 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

Institutional Trading of Invesco China Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ground Swell Capital LLC acquired a new position in Invesco China Technology ETF during the 3rd quarter worth about $221,000. Pictet North America Advisors SA acquired a new position in shares of Invesco China Technology ETF during the third quarter worth approximately $225,000. Hsbc Holdings PLC bought a new stake in shares of Invesco China Technology ETF during the second quarter valued at approximately $335,000. DRW Securities LLC acquired a new stake in shares of Invesco China Technology ETF in the third quarter valued at approximately $343,000. Finally, Private Advisor Group LLC raised its position in Invesco China Technology ETF by 19.0% in the 3rd 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 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).