Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) saw unusually-strong trading volume on Tuesday . Approximately 420,229 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 401,300 shares.The stock last traded at $46.91 and had previously closed at $47.32.

Invesco China Technology ETF Stock Performance

The company has a market cap of $893.68 million, a P/E ratio of 19.03 and a beta of 1.22. The company has a fifty day moving average price of $40.67 and a two-hundred day moving average price of $38.69.

Hedge Funds Weigh In On Invesco China Technology ETF

Several hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC grew its holdings in Invesco China Technology ETF by 26.7% during the fourth quarter. OLD Mission Capital LLC now owns 408,526 shares of the company’s stock worth $16,088,000 after purchasing an additional 86,101 shares during the period. LPL Financial LLC grew its holdings in Invesco China Technology ETF by 10.1% during the fourth quarter. LPL Financial LLC now owns 55,304 shares of the company’s stock worth $2,178,000 after purchasing an additional 5,052 shares during the period. Flow Traders U.S. LLC grew its holdings in Invesco China Technology ETF by 101.0% during the third quarter. Flow Traders U.S. LLC now owns 36,150 shares of the company’s stock worth $1,491,000 after purchasing an additional 18,168 shares during the period. Strategic Financial Concepts LLC bought a new position in Invesco China Technology ETF during the fourth quarter worth about $1,357,000. Finally, SVB Wealth LLC acquired a new stake in Invesco China Technology ETF during the fourth quarter worth approximately $1,291,000.

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).