Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Up – Still a Buy?

Invesco China Technology ETF (NYSEARCA:CQQQ) shares gapped up prior to trading on Wednesday . The stock had previously closed at $38.84, but opened at $40.30. Invesco China Technology ETF shares last traded at $40.30, with a volume of 3,800 shares.

Invesco China Technology ETF Price Performance

The firm has a 50-day simple moving average of $40.82 and a 200 day simple moving average of $36.18. The firm has a market cap of $764.44 million, a PE ratio of 19.03 and a beta of 1.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in Invesco China Technology ETF by 1,070.6% in the second quarter. Envestnet Asset Management Inc. now owns 97,117 shares of the company’s stock worth $3,257,000 after purchasing an additional 88,821 shares during the period. Flow Traders U.S. LLC grew its stake in shares of Invesco China Technology ETF by 101.0% in the 3rd 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. Banque Cantonale Vaudoise increased its position in Invesco China Technology ETF by 24.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 63,355 shares of the company’s stock valued at $2,125,000 after buying an additional 12,613 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Invesco China Technology ETF during the second quarter valued at $335,000. Finally, DRW Securities LLC bought a new stake in Invesco China Technology ETF in the third quarter worth $343,000.

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).