Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Down – Should You Sell?

Invesco China Technology ETF (NYSEARCA:CQQQ)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $45.14, but opened at $43.07. Invesco China Technology ETF shares last traded at $43.68, with a volume of 180,792 shares trading hands.

Invesco China Technology ETF Price Performance

The company has a market capitalization of $817.50 million, a price-to-earnings ratio of 19.03 and a beta of 1.22. The stock has a 50-day moving average price of $34.49 and a 200-day moving average price of $34.19.

Institutional Investors Weigh In On Invesco China Technology ETF

A number of institutional investors have recently made changes to their positions in CQQQ. Sycomore Asset Management acquired a new stake in shares of Invesco China Technology ETF during the 1st quarter worth $317,000. Hsbc Holdings PLC acquired a new position in shares of Invesco China Technology ETF in the 2nd quarter valued at approximately $335,000. Axxcess Wealth Management LLC raised its position in shares of 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 valued at $589,000 after buying an additional 8,268 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Invesco China Technology ETF by 95.0% during the 1st quarter. GSA Capital Partners LLP now owns 24,861 shares of the company’s stock worth $797,000 after acquiring an additional 12,115 shares during the period. Finally, Syon Capital LLC acquired a new stake in shares of Invesco China Technology ETF during the 4th quarter worth approximately $801,000.

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).