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 trading on Tuesday. The company traded as low as $39.16 and last traded at $39.2320, with a volume of 42,432 shares trading hands. The stock had previously closed at $40.03.

Invesco China Technology ETF Price Performance

The firm has a market cap of $1.98 billion, a PE ratio of 20.61 and a beta of 0.62. The company has a 50 day simple moving average of $46.00 and a 200-day simple moving average of $50.60.

Institutional Investors Weigh In On Invesco China Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Evergreen Capital Management LLC purchased a new position in shares of Invesco China Technology ETF during the third quarter valued at about $10,354,000. Manchester Capital Management LLC purchased a new stake in Invesco China Technology ETF in the third quarter worth about $29,000. Bank Pictet & Cie Europe AG purchased a new stake in Invesco China Technology ETF in the third quarter worth about $2,613,000. Vontobel Holding Ltd. purchased a new stake in Invesco China Technology ETF in the third quarter worth about $1,512,000. Finally, Banque Pictet & Cie SA purchased a new stake in Invesco China Technology ETF in the third quarter worth about $7,510,000.

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).