Royal Bank of Canada Reduces Stock Position in Invesco Golden Dragon China ETF $PGJ

Royal Bank of Canada cut its holdings in Invesco Golden Dragon China ETF (NASDAQ:PGJ) by 85.9% during the first quarter, Holdings Channel reports. The institutional investor owned 4,039 shares of the company’s stock after selling 24,646 shares during the period. Royal Bank of Canada’s holdings in Invesco Golden Dragon China ETF were worth $105,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of Invesco Golden Dragon China ETF by 95.5% during the 2nd quarter. Bank of America Corp DE now owns 8,727 shares of the company’s stock worth $248,000 after acquiring an additional 4,263 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Invesco Golden Dragon China ETF by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,197 shares of the company’s stock worth $409,000 after acquiring an additional 2,451 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Invesco Golden Dragon China ETF during the third quarter worth approximately $508,000. Jane Street Group LLC lifted its stake in Invesco Golden Dragon China ETF by 22.0% during the first quarter. Jane Street Group LLC now owns 16,318 shares of the company’s stock worth $483,000 after purchasing an additional 2,947 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Invesco Golden Dragon China ETF by 4.4% in the first quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock valued at $488,000 after purchasing an additional 699 shares in the last quarter.

Invesco Golden Dragon China ETF Stock Down 2.2%

Shares of PGJ opened at $23.44 on Tuesday. The company has a market capitalization of $90.48 million, a price-to-earnings ratio of 14.18 and a beta of 0.46. Invesco Golden Dragon China ETF has a 52-week low of $21.69 and a 52-week high of $34.54. The stock has a 50 day moving average price of $24.03 and a 200 day moving average price of $25.63.

Invesco Golden Dragon China ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.0685 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.27 annualized dividend and a dividend yield of 1.2%.

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.