Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Down 0.9% – What’s Next?

Invesco Golden Dragon China ETF (NASDAQ:PGJ) shares were down 0.9% during trading on Monday . The company traded as low as $28.55 and last traded at $28.62. Approximately 7,312 shares traded hands during trading, a decline of 69% from the average daily volume of 23,675 shares. The stock had previously closed at $28.88.

Invesco Golden Dragon China ETF Trading Down 0.9%

The stock has a market capitalization of $132.22 million, a P/E ratio of 14.18 and a beta of 0.41. The company has a 50-day moving average price of $29.50 and a two-hundred day moving average price of $30.65.

Invesco Golden Dragon China ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.2031 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sava Infond d.o.o. raised its holdings in shares of Invesco Golden Dragon China ETF by 33.3% during the third quarter. Sava Infond d.o.o. now owns 2,000 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the period. North Capital Inc. increased its position in Invesco Golden Dragon China ETF by 144.6% in the 2nd quarter. North Capital Inc. now owns 998 shares of the company’s stock valued at $28,000 after buying an additional 590 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Invesco Golden Dragon China ETF by 4.4% during the 1st quarter. Jones Financial Companies Lllp now owns 16,466 shares of the company’s stock worth $488,000 after buying an additional 699 shares during the period. Envestnet Asset Management Inc. raised its stake in Invesco Golden Dragon China ETF by 4.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 24,770 shares of the company’s stock worth $822,000 after buying an additional 1,116 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in Invesco Golden Dragon China ETF by 2.5% in the second quarter. IHT Wealth Management LLC now owns 49,612 shares of the company’s stock worth $1,408,000 after acquiring an additional 1,228 shares in the last quarter.

About Invesco Golden Dragon China ETF

The Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is managed by Invesco.