Invesco China Technology ETF (NYSEARCA:CQQQ) Stake Lowered by GFG Capital LLC

GFG Capital LLC decreased its stake in Invesco China Technology ETF (NYSEARCA:CQQQ) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,454 shares of the company’s stock after selling 6,899 shares during the period. Invesco China Technology ETF accounts for 2.1% of GFG Capital LLC’s portfolio, making the stock its 15th largest position. GFG Capital LLC owned approximately 1.28% of Invesco China Technology ETF worth $8,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CQQQ. International Assets Investment Management LLC bought a new position in Invesco China Technology ETF in the 4th quarter worth about $32,000. Sycomore Asset Management acquired a new stake in Invesco China Technology ETF in the 1st quarter valued at approximately $317,000. Axxcess Wealth Management LLC bought a new stake in Invesco China Technology ETF during the 4th quarter valued at $363,000. Syon Capital LLC acquired a new position in Invesco China Technology ETF during the 4th quarter worth $801,000. Finally, GSA Capital Partners LLP grew its stake in shares of Invesco China Technology ETF by 95.0% in the first 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 in the last quarter.

Invesco China Technology ETF Price Performance

Shares of CQQQ traded down $0.93 during trading hours on Tuesday, reaching $32.27. 131,671 shares of the company’s stock traded hands, compared to its average volume of 237,088. Invesco China Technology ETF has a twelve month low of $27.68 and a twelve month high of $41.14. The business’s fifty day simple moving average is $33.73 and its two-hundred day simple moving average is $33.25. The firm has a market capitalization of $611.52 million, a price-to-earnings ratio of 19.03 and a beta of 1.22.

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).