Strategic Financial Concepts LLC Buys New Shares in Invesco China Technology ETF (NYSEARCA:CQQQ)

Strategic Financial Concepts LLC purchased a new stake in shares of Invesco China Technology ETF (NYSEARCA:CQQQ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,458 shares of the company’s stock, valued at approximately $1,357,000. Strategic Financial Concepts LLC owned about 0.18% of Invesco China Technology ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Sycomore Asset Management boosted its holdings in shares of Invesco China Technology ETF by 320.7% in the 4th quarter. Sycomore Asset Management now owns 6,100 shares of the company’s stock valued at $233,000 after buying an additional 4,650 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Invesco China Technology ETF during the fourth quarter worth $59,000. Flow Traders U.S. LLC lifted its stake in Invesco China Technology ETF by 101.0% in the third quarter. Flow Traders U.S. LLC now owns 36,150 shares of the company’s stock valued at $1,491,000 after acquiring an additional 18,168 shares during the last quarter. DRW Securities LLC bought a new position in shares of Invesco China Technology ETF in the 3rd quarter valued at about $343,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Invesco China Technology ETF during the 3rd quarter worth about $221,000.

Invesco China Technology ETF Stock Performance

Shares of CQQQ stock opened at $47.16 on Wednesday. Invesco China Technology ETF has a 52-week low of $30.25 and a 52-week high of $50.98. The stock has a market cap of $893.68 million, a price-to-earnings ratio of 19.03 and a beta of 1.22. The firm’s 50-day moving average is $40.67 and its 200-day moving average is $38.69.

Invesco China Technology ETF 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).