Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Climb 0.2% – Time to Buy?

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

Invesco Golden Dragon China ETF Stock Up 0.6%

The firm has a market capitalization of $81.33 million, a PE ratio of 14.18 and a beta of 0.41. The company’s 50-day simple moving average is $22.11 and its 200 day simple moving average is $25.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PGJ. Citadel Advisors LLC purchased a new stake in Invesco Golden Dragon China ETF during the second quarter valued at approximately $206,000. Commonwealth Equity Services LLC acquired a new stake in Invesco Golden Dragon China ETF in the third quarter valued at approximately $241,000. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco Golden Dragon China ETF by 27.0% in the second quarter. Envestnet Asset Management Inc. now owns 40,806 shares of the company’s stock valued at $921,000 after acquiring an additional 8,687 shares in the last quarter.

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.