Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) saw an uptick in trading volume on Monday . Approximately 2,065,712 shares traded hands during mid-day trading, an increase of 71% from the previous session’s volume of 1,207,548 shares.The stock last traded at $45.9640 and had previously closed at $46.33.

Invesco China Technology ETF Stock Down 0.4%

The stock’s 50 day moving average is $50.64 and its two-hundred day moving average is $50.85. The company has a market capitalization of $2.80 billion, a PE ratio of 20.61 and a beta of 0.63.

Institutional Investors Weigh In On Invesco China Technology ETF

Several hedge funds have recently modified their holdings of CQQQ. Heritage Wealth Advisors purchased a new position in Invesco China Technology ETF during the fourth quarter valued at approximately $30,000. Manchester Capital Management LLC purchased a new stake in Invesco China Technology ETF during the fourth quarter worth $34,000. Zions Bancorporation National Association UT purchased a new stake in Invesco China Technology ETF during the fourth quarter worth $52,000. Advisory Services Network LLC purchased a new stake in Invesco China Technology ETF during the third quarter worth $60,000. Finally, Comerica Bank bought a new stake in Invesco China Technology ETF during the 4th quarter valued at $61,000.

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).