Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Large Volume Increase – Should You Buy?

Invesco China Technology ETF (NYSEARCA:CQQQ) saw an uptick in trading volume on Tuesday . 280,085 shares changed hands during trading, a decline of 18% from the previous session’s volume of 341,694 shares.The stock last traded at $49.59 and had previously closed at $50.04.

Invesco China Technology ETF Trading Down 1.3 %

The business has a fifty day moving average of $44.22 and a 200 day moving average of $41.10. The company has a market capitalization of $1.11 billion, a PE ratio of 25.67 and a beta of 0.51.

Hedge Funds Weigh In On Invesco China Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Invesco China Technology ETF by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 9,994 shares of the company’s stock valued at $394,000 after buying an additional 403 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of Invesco China Technology ETF by 5.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 19,293 shares of the company’s stock valued at $760,000 after buying an additional 925 shares during the period. Formidable Asset Management LLC boosted its stake in shares of Invesco China Technology ETF by 7.9% in the 4th quarter. Formidable Asset Management LLC now owns 16,115 shares of the company’s stock valued at $635,000 after buying an additional 1,176 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Invesco China Technology ETF in the 4th quarter valued at about $59,000. Finally, Comerica Bank purchased a new position in shares of Invesco China Technology ETF in the 4th quarter valued at about $101,000.

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).