Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Down 1.6% – Here’s Why

Invesco Golden Dragon China ETF (NASDAQ:PGJ) traded down 1.6% during mid-day trading on Monday . The company traded as low as $23.90 and last traded at $23.92. Approximately 19,040 shares were traded during mid-day trading, a decline of 23% from the average session volume of 24,679 shares. The stock had previously closed at $24.32.

Invesco Golden Dragon China ETF Stock Performance

The firm’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $25.80. The firm has a market cap of $93.41 million, a P/E ratio of 14.18 and a beta of 0.46.

Invesco Golden Dragon China ETF Announces Dividend

The company 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. This represents a $0.27 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its stake in Invesco Golden Dragon China ETF by 104.1% in the 4th quarter. Virtu Financial LLC now owns 51,050 shares of the company’s stock worth $1,471,000 after acquiring an additional 26,038 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Invesco Golden Dragon China ETF by 10.3% during the 4th quarter. IHT Wealth Management LLC now owns 61,840 shares of the company’s stock valued at $1,782,000 after acquiring an additional 5,782 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Invesco Golden Dragon China ETF by 29.2% during the 4th quarter. Royal Bank of Canada now owns 28,685 shares of the company’s stock valued at $826,000 after acquiring an additional 6,486 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco Golden Dragon China ETF by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 14,197 shares of the company’s stock valued at $409,000 after purchasing an additional 2,451 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of Invesco Golden Dragon China ETF by 6.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 30,363 shares of the company’s stock valued at $875,000 after purchasing an additional 1,947 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.