Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Strong Trading Volume – Should You Buy?

Invesco China Technology ETF (NYSEARCA:CQQQ) shares saw strong trading volume on Monday . 498,240 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 496,084 shares.The stock last traded at $47.48 and had previously closed at $49.45.

Invesco China Technology ETF Price Performance

The company has a fifty day moving average price of $41.49 and a 200 day moving average price of $39.35. The stock has a market cap of $914.53 million, a P/E ratio of 19.03 and a beta of 1.22.

Institutional Investors Weigh In On Invesco China Technology ETF

A number of hedge funds have recently made changes to their positions in CQQQ. Private Advisor Group LLC lifted its holdings in Invesco China Technology ETF by 19.0% during 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 in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Invesco China Technology ETF during the fourth quarter valued at $59,000. DRW Securities LLC purchased a new position in Invesco China Technology ETF during the third quarter worth about $343,000. Sycomore Asset Management increased its stake in Invesco China Technology ETF by 320.7% in the 4th quarter. Sycomore Asset Management now owns 6,100 shares of the company’s stock worth $233,000 after acquiring an additional 4,650 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its stake in Invesco China Technology ETF by 101.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 36,150 shares of the company’s stock worth $1,491,000 after acquiring an additional 18,168 shares during the last quarter.

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).