Meitav Investment House Ltd. Acquires 685,000 Shares of Invesco China Technology ETF $CQQQ

Meitav Investment House Ltd. lifted its holdings in Invesco China Technology ETF (NYSEARCA:CQQQ) by 240.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 970,420 shares of the company’s stock after acquiring an additional 685,000 shares during the period. Meitav Investment House Ltd.’s holdings in Invesco China Technology ETF were worth $42,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Royal Bank of Canada increased its position in Invesco China Technology ETF by 1,936.5% in the 1st quarter. Royal Bank of Canada now owns 207,501 shares of the company’s stock valued at $9,193,000 after buying an additional 197,312 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Invesco China Technology ETF in the 1st quarter valued at about $8,571,000. Banque Pictet & Cie SA bought a new stake in Invesco China Technology ETF in the 1st quarter valued at about $4,943,000. Envestnet Asset Management Inc. increased its position in Invesco China Technology ETF by 496.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,589 shares of the company’s stock valued at $2,640,000 after buying an additional 49,595 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in Invesco China Technology ETF during the 1st quarter valued at about $1,994,000.

Invesco China Technology ETF Stock Performance

CQQQ stock opened at $60.47 on Tuesday. The company has a market capitalization of $2.70 billion, a P/E ratio of 20.61 and a beta of 0.64. Invesco China Technology ETF has a 52-week low of $35.62 and a 52-week high of $61.20. The business has a 50-day simple moving average of $52.65 and a two-hundred day simple moving average of $46.31.

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).