Sage Mountain Advisors LLC Buys 912 Shares of Invesco China Technology ETF $CQQQ

Sage Mountain Advisors LLC raised its stake in Invesco China Technology ETF (NYSEARCA:CQQQ) by 331.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,187 shares of the company’s stock after acquiring an additional 912 shares during the period. Sage Mountain Advisors LLC’s holdings in Invesco China Technology ETF were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CQQQ. Optimum Investment Advisors bought a new stake in shares of Invesco China Technology ETF in the 1st quarter valued at about $80,000. Comerica Bank boosted its position in shares of Invesco China Technology ETF by 12.0% during the 1st quarter. Comerica Bank now owns 2,884 shares of the company’s stock valued at $128,000 after purchasing an additional 308 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Invesco China Technology ETF during the 2nd quarter valued at about $142,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Invesco China Technology ETF during the 1st quarter valued at about $243,000. Finally, Pictet North America Advisors SA boosted its position in shares of Invesco China Technology ETF by 54.9% during the 1st quarter. Pictet North America Advisors SA now owns 8,462 shares of the company’s stock valued at $375,000 after purchasing an additional 3,000 shares in the last quarter.

Invesco China Technology ETF Price Performance

Shares of Invesco China Technology ETF stock opened at $57.94 on Tuesday. Invesco China Technology ETF has a one year low of $35.62 and a one year high of $61.20. The stock’s 50-day moving average is $55.22 and its 200 day moving average is $47.78. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 20.61 and a beta of 0.43.

About Invesco China Technology ETF

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).