Invesco Golden Dragon China ETF (NASDAQ:PGJ) Stock Price Down 2.3%

Invesco Golden Dragon China ETF (NASDAQ:PGJ – Get Rating)’s share price fell 2.3% during trading on Wednesday . The stock traded as low as $24.95 and last traded at $25.11. 42,401 shares changed hands during trading, a decline of 48% from the average session volume of 81,861 shares. The stock had previously closed at $25.71.

Invesco Golden Dragon China ETF Trading Up 2.9 %

The company’s 50-day simple moving average is $26.27 and its 200 day simple moving average is $27.79. The stock has a market cap of $189.39 million, a P/E ratio of 43.14 and a beta of 0.58.

Invesco Golden Dragon China ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were given a dividend of $0.023 per share. The ex-dividend date was Monday, March 20th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.36%.

Institutional Trading of Invesco Golden Dragon China ETF

Hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management bought a new stake in Invesco Golden Dragon China ETF in the fourth quarter worth $35,000. Salem Investment Counselors Inc. bought a new position in shares of Invesco Golden Dragon China ETF during the fourth quarter valued at about $44,000. Blair William & Co. IL raised its stake in shares of Invesco Golden Dragon China ETF by 2,750.0% during the fourth quarter. Blair William & Co. IL now owns 2,850 shares of the company’s stock valued at $78,000 after acquiring an additional 2,750 shares during the last quarter. Pacific Center for Financial Services bought a new position in shares of Invesco Golden Dragon China ETF during the first quarter valued at about $151,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Invesco Golden Dragon China ETF during the second quarter valued at about $246,000.

About Invesco Golden Dragon China ETF

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The Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is managed by Invesco.