Invesco Golden Dragon China ETF (NASDAQ:PGJ) Trading 0.3% Higher – Should You Buy?

Shares of Invesco Golden Dragon China ETF (NASDAQ:PGJ) traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $26.77 and last traded at $26.62. 16,860 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 22,884 shares. The stock had previously closed at $26.55.

Invesco Golden Dragon China ETF Trading Up 0.3%

The stock has a market capitalization of $114.20 million, a PE ratio of 14.18 and a beta of 0.46. The stock has a 50 day moving average price of $26.80 and a 200-day moving average price of $28.92.

Invesco Golden Dragon China ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0107 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, March 23rd.

Hedge Funds Weigh In On Invesco Golden Dragon China ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sava Infond d.o.o. boosted its stake in shares of Invesco Golden Dragon China ETF by 33.3% in the 3rd quarter. Sava Infond d.o.o. now owns 2,000 shares of the company’s stock worth $66,000 after buying an additional 500 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Invesco Golden Dragon China ETF by 4.4% in 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 last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco Golden Dragon China ETF by 4.7% in 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 last quarter. IHT Wealth Management LLC boosted its stake in shares of Invesco Golden Dragon China ETF by 2.5% in the 2nd quarter. IHT Wealth Management LLC now owns 49,612 shares of the company’s stock worth $1,408,000 after buying an additional 1,228 shares during the last quarter. Finally, MGB Wealth Management LLC purchased a new position in shares of Invesco Golden Dragon China ETF in the 3rd quarter worth $42,000.

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.