Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Up to $39.71

Invesco China Technology ETF (NYSEARCA:CQQQ) shares gapped up prior to trading on Monday . The stock had previously closed at $39.71, but opened at $42.64. Invesco China Technology ETF shares last traded at $42.30, with a volume of 203,214 shares.

Invesco China Technology ETF Stock Performance

The stock has a market cap of $796.47 million, a PE ratio of 19.03 and a beta of 1.22. The stock has a 50 day moving average of $32.48 and a two-hundred day moving average of $33.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CQQQ. Hsbc Holdings PLC acquired a new position in shares of Invesco China Technology ETF in the 2nd quarter valued at about $335,000. Sycomore Asset Management purchased a new stake in Invesco China Technology ETF in the 1st quarter worth approximately $317,000. Axxcess Wealth Management LLC increased its stake in shares of Invesco China Technology ETF by 81.9% in the first quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock worth $589,000 after acquiring an additional 8,268 shares during the last quarter. Syon Capital LLC purchased a new position in Invesco China Technology ETF in the fourth quarter valued at about $801,000. Finally, GSA Capital Partners LLP increased its position in Invesco China Technology ETF by 95.0% in the 1st quarter. GSA Capital Partners LLP now owns 24,861 shares of the company’s stock worth $797,000 after purchasing an additional 12,115 shares during the last quarter.

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).