Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Up – Still a Buy?

Invesco China Technology ETF (NYSEARCA:CQQQ) shares gapped up before the market opened on Thursday . The stock had previously closed at $48.11, but opened at $49.76. Invesco China Technology ETF shares last traded at $49.83, with a volume of 239,184 shares traded.

Invesco China Technology ETF Stock Up 2.9 %

The firm has a market capitalization of $1.02 billion, a PE ratio of 25.03 and a beta of 0.48. The firm has a 50-day moving average price of $42.23 and a 200 day moving average price of $39.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Formidable Asset Management LLC lifted its holdings in shares of Invesco China Technology ETF by 7.9% during the 4th quarter. Formidable Asset Management LLC now owns 16,115 shares of the company’s stock worth $635,000 after acquiring an additional 1,176 shares during the period. Bank of America Corp DE raised its stake in Invesco China Technology ETF by 15.6% during the fourth quarter. Bank of America Corp DE now owns 23,133 shares of the company’s stock worth $911,000 after purchasing an additional 3,118 shares during the period. Comerica Bank acquired a new position in shares of Invesco China Technology ETF in the 4th quarter valued at $101,000. Renaissance Technologies LLC purchased a new stake in shares of Invesco China Technology ETF during the 4th quarter valued at $599,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Invesco China Technology ETF by 4.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 9,994 shares of the company’s stock worth $394,000 after buying an additional 403 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).