Invesco China Technology ETF (NYSEARCA:CQQQ) Reaches New 52-Week Low – Here’s Why

by · The Markets Daily

Invesco China Technology ETF (NYSEARCA:CQQQ – Get Free Report) shares hit a new 52-week low on Wednesday. The company traded as low as $40.94 and last traded at $40.91, with a volume of 88,229 shares. The stock had previously closed at $41.53.

Invesco China Technology ETF Trading Down 2.9%

The stock has a market capitalization of $2.00 billion, a P/E ratio of 20.61 and a beta of 0.62. The stock’s fifty day moving average price is $46.16 and its two-hundred day moving average price is $50.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Triumph Capital Management increased its holdings in shares of Invesco China Technology ETF by 16.6% in the third quarter. Triumph Capital Management now owns 4,353 shares of the company’s stock worth $195,000 after buying an additional 619 shares during the period. Manchester Capital Management LLC purchased a new stake in Invesco China Technology ETF during the 3rd quarter valued at about $29,000. Finley Financial LLC boosted its holdings in Invesco China Technology ETF by 54.6% during the 2nd quarter. Finley Financial LLC now owns 2,010 shares of the company’s stock valued at $115,000 after acquiring an additional 710 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Invesco China Technology ETF by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,965 shares of the company’s stock valued at $6,442,000 after acquiring an additional 1,216 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in Invesco China Technology ETF by 23.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,780 shares of the company’s stock worth $500,000 after acquiring an additional 1,690 shares during the last quarter.

About Invesco China Technology ETF

(Get Free Report)

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).

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