Invesco China Technology ETF (NYSEARCA:CQQQ) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco China Technology ETF (NYSEARCA:CQQQ) saw strong trading volume on Monday . 498,240 shares changed hands during trading, an increase of 0% from the previous session’s volume of 496,084 shares.The stock last traded at $47.48 and had previously closed at $49.45.

Invesco China Technology ETF Stock Down 3.8 %

The company’s 50 day moving average price is $41.20 and its two-hundred day moving average price is $39.14. The firm has a market cap of $901.60 million, a PE ratio of 19.03 and a beta of 1.22.

Institutional Trading of Invesco China Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CQQQ. OLD Mission Capital LLC grew its stake in shares of Invesco China Technology ETF by 26.7% during the fourth quarter. OLD Mission Capital LLC now owns 408,526 shares of the company’s stock valued at $16,088,000 after buying an additional 86,101 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Invesco China Technology ETF during the 4th quarter valued at $1,357,000. SVB Wealth LLC bought a new position in Invesco China Technology ETF in the 4th quarter valued at $1,291,000. Flow Traders U.S. LLC increased its stake in Invesco China Technology ETF by 101.0% in the third quarter. Flow Traders U.S. LLC now owns 36,150 shares of the company’s stock worth $1,491,000 after purchasing an additional 18,168 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Invesco China Technology ETF during the fourth quarter worth $599,000.

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).