Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Up – Still a Buy?

Invesco China Technology ETF (NYSEARCA:CQQQ)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $38.83, but opened at $42.07. Invesco China Technology ETF shares last traded at $41.51, with a volume of 231,205 shares trading hands.

Invesco China Technology ETF Stock Up 7.0 %

The stock has a market capitalization of $786.99 million, a price-to-earnings ratio of 19.03 and a beta of 1.22. The company’s fifty day simple moving average is $35.72 and its 200 day simple moving average is $34.62.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. increased its position in Invesco China Technology ETF by 38.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 25,000 shares of the company’s stock worth $1,031,000 after buying an additional 7,000 shares during the period. Axxcess Wealth Management LLC raised its stake in Invesco China Technology ETF by 81.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 18,368 shares of the company’s stock worth $589,000 after purchasing an additional 8,268 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Invesco China Technology ETF in the 2nd quarter worth about $335,000. GSA Capital Partners LLP boosted its holdings in Invesco China Technology ETF by 95.0% in the 1st quarter. GSA Capital Partners LLP now owns 24,861 shares of the company’s stock valued at $797,000 after purchasing an additional 12,115 shares during the period. Finally, Banque Cantonale Vaudoise grew its position in shares of Invesco China Technology ETF by 24.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 63,355 shares of the company’s stock worth $2,125,000 after purchasing an additional 12,613 shares in the last quarter.

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).