GFG Capital LLC Sells 26,663 Shares of Invesco China Technology ETF (NYSEARCA:CQQQ)

GFG Capital LLC reduced its stake in Invesco China Technology ETF (NYSEARCA:CQQQ) by 11.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 209,869 shares of the company’s stock after selling 26,663 shares during the quarter. Invesco China Technology ETF accounts for approximately 2.2% of GFG Capital LLC’s investment portfolio, making the stock its 15th largest holding. GFG Capital LLC’s holdings in Invesco China Technology ETF were worth $8,265,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CQQQ. Union Bancaire Privee UBP SA bought a new stake in shares of Invesco China Technology ETF in the fourth quarter valued at approximately $59,000. Ground Swell Capital LLC bought a new stake in shares of Invesco China Technology ETF in the third quarter valued at approximately $221,000. Pictet North America Advisors SA bought a new stake in shares of Invesco China Technology ETF in the third quarter valued at approximately $225,000. Sycomore Asset Management boosted its stake in shares of Invesco China Technology ETF by 320.7% in the fourth quarter. Sycomore Asset Management now owns 6,100 shares of the company’s stock valued at $233,000 after buying an additional 4,650 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of Invesco China Technology ETF in the third quarter valued at approximately $343,000.

Invesco China Technology ETF Trading Up 0.5 %

Shares of CQQQ stock opened at $45.71 on Friday. The stock has a market cap of $866.20 million, a P/E ratio of 19.03 and a beta of 1.22. The stock has a 50 day simple moving average of $40.38 and a 200 day simple moving average of $38.35. Invesco China Technology ETF has a 1 year low of $30.25 and a 1 year high of $50.98.

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).