Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Down – Time to Sell?

Invesco China Technology ETF (NYSEARCA:CQQQ)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $48.92, but opened at $47.06. Invesco China Technology ETF shares last traded at $47.46, with a volume of 234,767 shares traded.

Invesco China Technology ETF Stock Performance

The firm’s 50-day moving average is $44.59 and its 200 day moving average is $41.24. The firm has a market capitalization of $1.04 billion, a PE ratio of 25.67 and a beta of 0.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Union Bancaire Privee UBP SA purchased a new stake in shares of Invesco China Technology ETF during the 4th quarter worth about $59,000. Comerica Bank acquired a new position in Invesco China Technology ETF in the fourth quarter worth $101,000. Sycomore Asset Management boosted its holdings in Invesco China Technology ETF by 320.7% in the fourth quarter. Sycomore Asset Management now owns 6,100 shares of the company’s stock worth $233,000 after purchasing an additional 4,650 shares during the period. DRW Securities LLC acquired a new position in shares of Invesco China Technology ETF during the third quarter valued at $343,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco China Technology ETF by 4.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,994 shares of the company’s stock valued at $394,000 after acquiring an additional 403 shares during the period.

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).