GFG Capital LLC Decreases Position in Invesco China Technology ETF (NYSEARCA:CQQQ)

GFG Capital LLC cut its holdings in Invesco China Technology ETF (NYSEARCA:CQQQ) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 236,532 shares of the company’s stock after selling 6,922 shares during the quarter. Invesco China Technology ETF makes up about 2.5% of GFG Capital LLC’s investment portfolio, making the stock its 13th largest position. GFG Capital LLC’s holdings in Invesco China Technology ETF were worth $9,757,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CQQQ. Hsbc Holdings PLC purchased a new position in Invesco China Technology ETF in the 2nd quarter valued at about $335,000. Axxcess Wealth Management LLC lifted its stake in shares of Invesco China Technology ETF by 81.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock worth $589,000 after purchasing an additional 8,268 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Invesco China Technology ETF by 95.0% during the first 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 during the last quarter. Vontobel Holding Ltd. grew its position in shares of Invesco China Technology ETF by 38.9% in the third quarter. Vontobel Holding Ltd. now owns 25,000 shares of the company’s stock valued at $1,031,000 after purchasing an additional 7,000 shares during the period. Finally, SVB Wealth LLC increased its stake in Invesco China Technology ETF by 182.5% in 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 during the last quarter.

Invesco China Technology ETF Trading Down 0.8 %

Shares of NYSEARCA:CQQQ opened at $41.19 on Tuesday. The firm has a market cap of $780.46 million, a price-to-earnings ratio of 19.03 and a beta of 1.22. The stock’s 50-day moving average price is $35.90 and its two-hundred day moving average price is $34.70. Invesco China Technology ETF has a 12-month low of $27.68 and a 12-month 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).