Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Unusually-High Trading Volume – Still a Buy?

Invesco China Technology ETF (NYSEARCA:CQQQ) saw unusually-strong trading volume on Tuesday . Approximately 177,664 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 187,047 shares.The stock last traded at $41.77 and had previously closed at $40.60.

Invesco China Technology ETF Trading Up 3.6 %

The stock has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $37.84. The stock has a market capitalization of $796.75 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

Institutional Investors Weigh In On Invesco China Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new position in Invesco China Technology ETF during the fourth quarter valued at about $59,000. Private Advisor Group LLC grew its stake in shares of Invesco China Technology ETF by 19.0% in the third quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock worth $465,000 after acquiring an additional 1,802 shares during the last quarter. Sycomore Asset Management grew its stake in shares of Invesco China Technology ETF by 320.7% in the fourth 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. Ground Swell Capital LLC bought a new position in Invesco China Technology ETF during the third quarter worth $221,000. Finally, Pictet North America Advisors SA acquired a new position in Invesco China Technology ETF during the 3rd quarter valued at $225,000.

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).