Invesco Golden Dragon China ETF (NASDAQ:PGJ) Stock Price Down 1.6% – Should You Sell?

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s share price traded down 1.6% during mid-day trading on Monday . The stock traded as low as $23.90 and last traded at $23.92. 19,040 shares were traded during mid-day trading, a decline of 23% from the average session volume of 24,679 shares. The stock had previously closed at $24.32.

Invesco Golden Dragon China ETF Stock Performance

The business’s 50 day moving average price is $23.99 and its 200-day moving average price is $25.83. The company has a market cap of $92.33 million, a price-to-earnings ratio of 14.18 and a beta of 0.46.

Invesco Golden Dragon China ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.0685 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.27 dividend on an annualized basis and a yield of 1.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGJ. IHT Wealth Management LLC boosted its holdings in Invesco Golden Dragon China ETF by 10.3% during the fourth quarter. IHT Wealth Management LLC now owns 61,840 shares of the company’s stock valued at $1,782,000 after purchasing an additional 5,782 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Invesco Golden Dragon China ETF by 104.1% during the 4th quarter. Virtu Financial LLC now owns 51,050 shares of the company’s stock worth $1,471,000 after buying an additional 26,038 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in shares of Invesco Golden Dragon China ETF by 6.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 30,363 shares of the company’s stock worth $875,000 after buying an additional 1,947 shares during the period. BNP Paribas Financial Markets boosted its stake in Invesco Golden Dragon China ETF by 50.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,000 shares of the company’s stock valued at $996,000 after buying an additional 10,000 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Invesco Golden Dragon China ETF by 29.2% in the 4th quarter. Royal Bank of Canada now owns 28,685 shares of the company’s stock valued at $826,000 after buying an additional 6,486 shares in the last quarter.

About Invesco Golden Dragon China ETF

The Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is managed by Invesco.