Invesco Golden Dragon China ETF (NASDAQ:PGJ) Shares Up 0.7% – Here’s Why

Invesco Golden Dragon China ETF (NASDAQ:PGJ)’s share price rose 0.7% during trading on Monday . The company traded as high as $25.67 and last traded at $25.66. 25,278 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 25,208 shares. The stock had previously closed at $25.49.

Invesco Golden Dragon China ETF Stock Up 0.7%

The stock has a market cap of $99.05 million, a P/E ratio of 14.18 and a beta of 0.45. The company has a 50-day simple moving average of $24.07 and a two-hundred day simple moving average of $26.36.

Invesco Golden Dragon China ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.0685 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco Golden Dragon China ETF

Several institutional investors have recently added to or reduced their stakes in PGJ. Jones Financial Companies Lllp grew its holdings in 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 acquiring an additional 699 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Invesco Golden Dragon China ETF by 2.5% during the second quarter. IHT Wealth Management LLC now owns 49,612 shares of the company’s stock valued at $1,408,000 after acquiring an additional 1,228 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Invesco Golden Dragon China ETF by 6.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 30,363 shares of the company’s stock worth $875,000 after purchasing an additional 1,947 shares during the period. Royal Bank of Canada boosted its holdings in shares of Invesco Golden Dragon China ETF by 12.4% during the first quarter. Royal Bank of Canada now owns 21,689 shares of the company’s stock worth $643,000 after purchasing an additional 2,401 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Invesco Golden Dragon China ETF by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 14,197 shares of the company’s stock worth $409,000 after purchasing an additional 2,451 shares during the period.

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.