Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Unusually-High Trading Volume – Here’s Why

Invesco China Technology ETF (NYSEARCA:CQQQ) shares saw an uptick in trading volume on Tuesday . 420,229 shares traded hands during 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 Up 1.2 %

The stock has a 50 day simple moving average of $40.90 and a 200 day simple moving average of $38.86. The company has a market cap of $910.17 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 modified their holdings of CQQQ. OLD Mission Capital LLC grew its holdings in Invesco China Technology ETF by 26.7% in the 4th quarter. OLD Mission Capital LLC now owns 408,526 shares of the company’s stock worth $16,088,000 after buying an additional 86,101 shares in the last quarter. LPL Financial LLC increased its stake in shares of Invesco China Technology ETF by 10.1% in the fourth quarter. LPL Financial LLC now owns 55,304 shares of the company’s stock worth $2,178,000 after acquiring an additional 5,052 shares during the last quarter. Flow Traders U.S. LLC increased its position 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 buying an additional 18,168 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Invesco China Technology ETF during the fourth quarter worth $1,357,000. Finally, SVB Wealth LLC acquired a new stake in shares of Invesco China Technology ETF in the fourth quarter valued at about $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).