Invesco China Technology ETF (NYSEARCA:CQQQ) Hits New 52-Week Low – Here’s What Happened

Invesco China Technology ETF (NYSEARCA:CQQQ) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $39.16 and last traded at $39.2320, with a volume of 42,432 shares. The stock had previously closed at $40.03.

Invesco China Technology ETF Trading Down 1.7%

The company’s 50 day moving average is $46.00 and its 200-day moving average is $50.60. The company has a market capitalization of $1.98 billion, a P/E ratio of 20.61 and a beta of 0.62.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Triumph Capital Management raised its stake in shares of Invesco China Technology ETF by 16.6% during the 3rd quarter. Triumph Capital Management now owns 4,353 shares of the company’s stock worth $195,000 after buying an additional 619 shares during the period. Manchester Capital Management LLC purchased a new position in shares of Invesco China Technology ETF during the 3rd quarter valued at approximately $29,000. Finley Financial LLC lifted its position in shares of Invesco China Technology ETF by 54.6% during the 2nd quarter. Finley Financial LLC now owns 2,010 shares of the company’s stock valued at $115,000 after buying an additional 710 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco China Technology ETF by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 112,965 shares of the company’s stock valued at $6,442,000 after acquiring an additional 1,216 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in Invesco China Technology ETF by 23.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,780 shares of the company’s stock valued at $500,000 after acquiring an additional 1,690 shares during the period.

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).