Mirae Asset Global Investments Co. Ltd. Purchases New Position in Invesco China Technology ETF $CQQQ

Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco China Technology ETF (NYSEARCA:CQQQ) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 14,583 shares of the company’s stock, valued at approximately $655,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new stake in shares of Invesco China Technology ETF during the second quarter valued at approximately $5,423,000. Bank Pictet & Cie Europe AG bought a new position in shares of Invesco China Technology ETF in the 3rd quarter worth $2,613,000. Bank of America Corp DE lifted its holdings in shares of Invesco China Technology ETF by 171.1% in the 1st quarter. Bank of America Corp DE now owns 207,995 shares of the company’s stock worth $9,572,000 after purchasing an additional 131,260 shares in the last quarter. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Invesco China Technology ETF in the 1st quarter worth $1,091,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in Invesco China Technology ETF in the 1st quarter valued at $4,866,000.

Invesco China Technology ETF Stock Performance

Shares of CQQQ stock opened at $40.19 on Monday. The firm has a market capitalization of $1.83 billion, a PE ratio of 20.61 and a beta of 0.64. The firm has a fifty day simple moving average of $43.97 and a two-hundred day simple moving average of $49.74. Invesco China Technology ETF has a 12 month low of $37.58 and a 12 month high of $58.92.

About Invesco China Technology ETF

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).