Invesco Golden Dragon China ETF (NASDAQ:PGJ) Stock Price Down 0.7% – Here’s What Happened

Invesco Golden Dragon China ETF (NASDAQ:PGJ) shares dropped 0.7% during trading on Monday . The stock traded as low as $29.25 and last traded at $29.41. Approximately 11,805 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 19,743 shares. The stock had previously closed at $29.61.

Invesco Golden Dragon China ETF Stock Performance

The company has a market capitalization of $135.87 million, a P/E ratio of 14.18 and a beta of 0.41. The company has a 50-day simple moving average of $29.71 and a 200 day simple moving average of $30.68.

Invesco Golden Dragon China ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.2031 dividend. This represents a $0.81 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Invesco Golden Dragon China ETF by 12.4% during the 1st quarter. Royal Bank of Canada now owns 21,689 shares of the company’s stock worth $643,000 after buying an additional 2,401 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Invesco Golden Dragon China ETF by 4.4% during the first quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock worth $488,000 after purchasing an additional 699 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Invesco Golden Dragon China ETF by 22.0% in the 1st quarter. Jane Street Group LLC now owns 16,318 shares of the company’s stock valued at $483,000 after buying an additional 2,947 shares during the period. Sava Infond d.o.o. acquired a new position in shares of Invesco Golden Dragon China ETF in the 2nd quarter valued at $43,000. Finally, Meitav Investment House Ltd. bought a new stake in shares of Invesco Golden Dragon China ETF in the 2nd quarter valued at $291,000.

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.