Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Climb 0.2% – What’s Next?

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s share price shot up 0.2% during mid-day trading on Tuesday. The stock traded as high as $21.48 and last traded at $21.35. 15,852 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 23,567 shares. The stock had previously closed at $21.30.

Invesco Golden Dragon China ETF Stock Performance

The firm has a market cap of $78.14 million, a price-to-earnings ratio of 14.18 and a beta of 0.42. The company’s fifty day moving average is $22.19 and its two-hundred day moving average is $25.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PGJ. Citadel Advisors LLC acquired a new stake in shares of Invesco Golden Dragon China ETF in the second quarter valued at about $206,000. Commonwealth Equity Services LLC acquired a new position in Invesco Golden Dragon China ETF during the 3rd quarter worth approximately $241,000. Finally, Envestnet Asset Management Inc. lifted its position in Invesco Golden Dragon China ETF by 27.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,806 shares of the company’s stock worth $921,000 after acquiring an additional 8,687 shares in the last quarter.

Invesco Golden Dragon China ETF Company Profile

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.