Invesco China Technology ETF (NYSEARCA:CQQQ) Reaches New 12-Month Low – What’s Next?

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) reached a new 52-week low on Wednesday. The company traded as low as $40.94 and last traded at $40.91, with a volume of 88,229 shares trading hands. The stock had previously closed at $41.53.

Invesco China Technology ETF Trading Down 1.2%

The company has a market cap of $2.24 billion, a P/E ratio of 20.61 and a beta of 0.62. The business has a 50 day moving average price of $46.60 and a 200-day moving average price of $50.09.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Triumph Capital Management lifted its holdings in Invesco China Technology ETF by 16.6% during the 3rd quarter. Triumph Capital Management now owns 4,353 shares of the company’s stock valued at $195,000 after purchasing an additional 619 shares during the last quarter. Finley Financial LLC increased its holdings in shares of Invesco China Technology ETF by 54.6% in the second quarter. Finley Financial LLC now owns 2,010 shares of the company’s stock valued at $115,000 after purchasing an additional 710 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco China Technology ETF by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 112,965 shares of the company’s stock valued at $6,442,000 after purchasing an additional 1,216 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Invesco China Technology ETF by 23.8% in the second quarter. TD Waterhouse Canada Inc. now owns 8,780 shares of the company’s stock valued at $500,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Group One Trading LLC raised its position in shares of Invesco China Technology ETF by 1,001.0% in the first quarter. Group One Trading LLC now owns 2,158 shares of the company’s stock valued at $99,000 after purchasing an additional 1,962 shares during the period.

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).