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

Invesco China Technology ETF (NYSEARCA:CQQQ) shares gapped down before the market opened on Thursday . The stock had previously closed at $39.38, but opened at $38.56. Invesco China Technology ETF shares last traded at $38.44, with a volume of 55,793 shares trading hands.

Invesco China Technology ETF Price Performance

The firm’s 50-day simple moving average is $40.95 and its 200 day simple moving average is $37.12. The firm has a market capitalization of $731.09 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC grew its stake in shares of Invesco China Technology ETF by 19.0% during the third quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock worth $465,000 after buying an additional 1,802 shares during the last quarter. Ground Swell Capital LLC acquired a new position in Invesco China Technology ETF in the 3rd quarter worth about $221,000. Pictet North America Advisors SA acquired a new position in Invesco China Technology ETF in the 3rd quarter worth about $225,000. Vontobel Holding Ltd. raised its position in 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 last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Invesco China Technology ETF during the third quarter valued at about $343,000.

Invesco China Technology ETF Company Profile

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).