Invesco China Technology ETF (NYSEARCA:CQQQ) saw an increase in its shares on Thursday, opening higher at $45.88, compared to the previous day’s close at $43.86. The firm has a market capitalization of $1.02 billion, with a P/E ratio of 77.33 and a beta of 0.64. A few institutional investors recently increased their positions in the company. Guggenheim China Technology ETF seeks to provide investment results that correspond generally to the performance of an equity index called the AlphaShares China Technology Index. The fund invests at least 80% of its total assets in common stock, ADRs, ADSs, GDRs, and IDRs that comprise the Index and depositary receipts or shares representing common stocks included in the Index. Those interested in receiving the latest news and analysts’ ratings for Invesco China Technology ETF and related companies can sign up for a concise daily summary via email on MarketBeat.com’s website.
Invesco China Technology ETF (NYSEARCA:CQQQ – Get Rating) saw its shares open higher at $45.88 on Thursday, after closing at $43.86 on the previous day. The stock has a 50-day moving average of $46.34 and a 200-day moving average of $41.98. With a market capitalization of $1.02 billion, the stock has a P/E ratio of 77.33 and a beta of 0.64.
Institutional Investors Increase Stakes
Several institutional investors have recently increased their positions in the Invesco China Technology ETF. Northwestern Mutual Wealth Management Co. boosted its position by 137.9% during the fourth quarter, owning 1,665 shares of the company’s stock worth $72,000 after acquiring an additional 965 shares. Activest Wealth Management purchased a new stake in the third quarter worth around $157,000, while Walleye Capital LLC purchased a new stake in the first quarter worth about $201,000. Cambridge Investment Research Advisors Inc. and Renaissance Technologies LLC also purchased new stakes in the company worth about $202,000 and $217,000 respectively.
Invesco China Technology ETF Company Profile
Guggenheim China Technology ETF (formerly Claymore China Technology ETF) seeks to provide 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 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).
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