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

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) saw an uptick in trading volume on Thursday. 2,088,309 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 1,182,279 shares. The stock last traded at $41.7210 and had previously closed at $42.00.

Invesco China Technology ETF Price Performance

The firm has a 50-day moving average of $47.04 and a 200-day moving average of $50.11. The stock has a market cap of $2.24 billion, a PE ratio of 20.61 and a beta of 0.62.

Institutional Investors Weigh In On Invesco China Technology ETF

A number of institutional investors have recently added to or reduced their stakes in CQQQ. PNC Financial Services Group Inc. raised its position in shares of Invesco China Technology ETF by 23.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,218,668 shares of the company’s stock valued at $470,263,000 after buying an additional 1,911,051 shares during the last quarter. Summit Rock Advisors LP bought a new position in shares of Invesco China Technology ETF during the third quarter worth $20,089,000. Banque Pictet & Cie SA bought a new position in shares of Invesco China Technology ETF during the third quarter worth $7,510,000. Bank of America Corp DE boosted its position in shares of Invesco China Technology ETF by 171.1% during the first quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock worth $9,572,000 after acquiring an additional 131,260 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new position in Invesco China Technology ETF during the first quarter valued at $4,866,000.

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).