Sycomore Asset Management Lowers Stock Holdings in Invesco China Technology ETF (NYSEARCA:CQQQ)

Sycomore Asset Management lessened its holdings in Invesco China Technology ETF (NYSEARCA:CQQQ) by 36.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,400 shares of the company’s stock after selling 3,600 shares during the quarter. Sycomore Asset Management’s holdings in Invesco China Technology ETF were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CQQQ. Hsbc Holdings PLC purchased a new position in shares of Invesco China Technology ETF in the second quarter worth $335,000. Axxcess Wealth Management LLC increased its holdings in Invesco China Technology ETF by 81.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock valued at $589,000 after acquiring an additional 8,268 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Invesco China Technology ETF by 95.0% in the 1st quarter. GSA Capital Partners LLP now owns 24,861 shares of the company’s stock worth $797,000 after purchasing an additional 12,115 shares in the last quarter. Syon Capital LLC bought a new position in shares of Invesco China Technology ETF during the 4th quarter valued at about $801,000. Finally, SVB Wealth LLC grew its position in shares of Invesco China Technology ETF by 182.5% during the first quarter. SVB Wealth LLC now owns 33,470 shares of the company’s stock valued at $1,073,000 after purchasing an additional 21,623 shares in the last quarter.

Invesco China Technology ETF Trading Up 3.9 %

Shares of CQQQ stock opened at $41.26 on Tuesday. The stock’s 50-day moving average price is $32.61 and its 200-day moving average price is $33.56. Invesco China Technology ETF has a 12-month low of $27.68 and a 12-month high of $42.70. The stock has a market capitalization of $781.88 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

Invesco China Technology ETF Company Profile

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).