Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Up – What’s Next?

Invesco China Technology ETF (NYSEARCA:CQQQ)’s share price gapped up prior to trading 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.

Invesco China Technology ETF Trading Up 0.0 %

The stock has a 50 day simple moving average of $42.58 and a 200-day simple moving average of $40.08. The firm has a market cap of $1.03 billion, a PE ratio of 25.03 and a beta of 0.48.

Institutional Investors Weigh In On Invesco China Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of CQQQ. Union Bancaire Privee UBP SA bought a new position in shares of Invesco China Technology ETF during the fourth quarter worth $59,000. Comerica Bank bought a new position in shares of Invesco China Technology ETF during the 4th quarter valued at about $101,000. Sycomore Asset Management grew its position in shares of Invesco China Technology ETF by 320.7% during the fourth quarter. Sycomore Asset Management now owns 6,100 shares of the company’s stock valued at $233,000 after purchasing an additional 4,650 shares in the last quarter. DRW Securities LLC bought a new stake in shares of Invesco China Technology ETF in the third quarter worth about $343,000. Finally, Envestnet Asset Management Inc. increased its stake in Invesco China Technology ETF by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 9,994 shares of the company’s stock worth $394,000 after acquiring 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).