Invesco China Technology ETF (NYSEARCA:CQQQ) Shares Gap Down – Time to Sell?

Invesco China Technology ETF (NYSEARCA:CQQQ) shares gapped down prior to trading on Tuesday . The stock had previously closed at $44.47, but opened at $41.99. Invesco China Technology ETF shares last traded at $41.77, with a volume of 71,491 shares trading hands.

Invesco China Technology ETF Stock Performance

The company’s fifty day moving average price is $41.84 and its 200-day moving average price is $36.47. The stock has a market cap of $790.40 million, a P/E ratio of 19.03 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in shares of Invesco China Technology ETF by 1,070.6% in the second quarter. Envestnet Asset Management Inc. now owns 97,117 shares of the company’s stock worth $3,257,000 after purchasing an additional 88,821 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in Invesco China Technology ETF by 24.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 63,355 shares of the company’s stock worth $2,125,000 after acquiring an additional 12,613 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of Invesco China Technology ETF by 101.0% during the third quarter. Flow Traders U.S. LLC now owns 36,150 shares of the company’s stock worth $1,491,000 after acquiring an additional 18,168 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Invesco China Technology ETF by 38.9% during the third quarter. Vontobel Holding Ltd. now owns 25,000 shares of the company’s stock valued at $1,031,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Invesco China Technology ETF by 19.0% in the third quarter. Private Advisor Group LLC now owns 11,273 shares of the company’s stock valued at $465,000 after purchasing an additional 1,802 shares during the period.

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).